Shapoorji Pallonji Real Estate sells over 600 flats worth Rs. 400 cr in Pune
Realty firm Shapoorji Pallonji Real Estate has sold over 600 units, worth around Rs 400 crore, in its new housing project in Pune as housing demand began to recover.
image for illustrative purpose
New Delhi: Realty firm Shapoorji Pallonji Real Estate has sold over 600 units, worth around Rs 400 crore, in its new housing project in Pune as housing demand began to recover. Shapoorji Pallonji Real Estate, which is part of the Shapoorji Pallonji group, did not formally disclose the value of sales bookings.
However, sources said it is around Rs 400 crore. In a statement, the company said it has "sold over 600 units in its newly launched housing project in Pune due to accelerated demand". Last month, Shapoorji Pallonji announced an investment of around Rs 4,000 crore to develop a 148-acre mixed-use project 'VANAHA' near Bavdhan, West Pune. In the first phase, over 600 apartments with various unit configurations were launched.
The price ranged between Rs 39 lakh and Rs 89 lakh. This premium mixed-use development will be executed in phases and will have more than 6,000 apartments on completion.
