Tag Archives: Shapoorji Pallonji real estate

Shapoorji Pallonji Real Estate invest ₹4,000 crore on new VANAHA Project in Pune

Posted on by
VANAHA-project-pune

One of the biggest real estate company Shapoorji Pallonji has announced to invest approximately ₹4,000 crores in the new ‘VANAHA’ project in Pune. The project will be a mixed-use development and a part of one of the largest townships in India.

On Thursday i.e, 28 January 2021 the Shapoorji Pallonji Real Estate announced that it will invest approximately ₹4,000 crores to develop a large mixed-use project in Pune. The ‘VANAHA’ project launched exclusively in West Pune near Bavdhan. This 148-acre project is a part of their expansion plan and its main objective is to develop a large mixed-use project.

Characteristics of VANAHA Project- 

The project will be accomplished in different phases and more than 5,000 apartments will be offered on finalization. 

During the first phase, 600 apartments will be launched at a varied price range. The price of first phase apartments starts from ₹39 lakh and goes up to ₹89 lakh.

Reaching to VANAHA project site is easy and there is no problem with connectivity. The site has close connectivity with Mumbai-Bangalore Highway and has proximity to Baner IT hubs and Hinjewadi. 

Shapoorji Pallonji Real Estate is a prominent real estate company, dominating Pune real estate markets for years. The company has a development pipeline of 70 million square feet. And intends to double its top line in the next 2 to 4 years.

The company is planning to launch new projects in new and different phases in its existing projects in Bangalore, Pune, Kolkata, MMR, and Gurugram by this financial year. 

Words from CEO-  

CEO of Shapoorji Pallonji Real Estate, Venkatesh Gopalkrishnan, said.-“Pune is an important market for us and addition to this major project fits well with our strategy. The VANAHA project will definitely consolidate our presence in Indian real estate markets.” In today’s scenario, the customers are expecting assurances from trusted brands to reestablish their confidence in home buying.  Gopalakrishnan said, “Shapoorji Pallonji, a brand with a heritage of 154 years is known for its timely delivery and quality.”