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Shapoorji Pallonji Group starts Rs 700-crore housing project in Pune

‘Sensorium’ will have in excess of 1,100 premium 2 BHK and 3 BHK lofts, with units estimated at Rs 64.4 lakh onwards.

The Shapoorji Pallonji Group has declared a Rs 700-crore private undertaking in Pune’s Hinjawadi, its 6th dispatch under the Joyville brand in India.

Joyville is a $ 200-million stage by Shapoorji Pallonji, ADB, IFC and Actis for creating “optimistic lodging ventures” in India.

The third Joyville venture in Pune, Sensorium is spread more than 10 sections of land and will have 1,100 premium 2 BHK and 3 BHK condos. These pads will be accessible at a comprehensive cost of Rs 64.4 lakh onwards.

“Pune is an important market for us with a demand for quality homes by trusted brands. This project addition fits well with our strategy of strengthening our presence across the country’s leading real estate markets,” said Shapoorji Pallonji Real Estate CEO Venkatesh Gopalkrishnan said.

At the dispatch of Joyville Hadapsar Annexe in East Pune, it sold in excess of 800 condos, the Mumbai-based organization said. Joyville Hinjawadi was dispatched in 2018 and nearly sold out.

Sensorium is situated inside Hinjewadi IT Park and is very much associated with the Mumbai-Pune Expressway.

The organization has just begun the handover cycle of Phase 1 at Joyville Howrah (close to Kolkata) according to the course of events and is wanting to begin the handover cycle of Phase 1 at Joyville Virar (close to Mumbai).

The work is on at Joyville Hinjawadi (West Pune) and Joyville Gurugram (Sector 102).

Shapoorji Pallonji Real Estate has an advancement pipeline of more than 80 million sq ft and is hoping to twofold its top line in the following a few years. The land firm is wanting to dispatch new tasks and extend its ventures in MMR, Pune, Gurugram, Bengaluru and Kolkata this financial year.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Pune journalist was involved in the writing and production of this article.

 

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