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Shapoorji Pallonji Real Estate to develop ₹800 cr housing project in Pune
The project, VANAHA Verdant — a part of the integrated development VANAHA — is located near Bavdhan, Pune. It is spread across 5 acres and offers approximately 10 lakh square feet of saleable area. The project is part of a 1,000-acre integrated township planned by the company.
Sriram Mahadevan, Chief Executive Officer of Shapoorji Pallonji Real Estate and Managing Director of Joyville Shapoorji Housing, said, 'With VANAHA Verdant, we are not just launching another project but shaping a new way of living in Pune. Its proximity to nature, integrated commercial spaces, and low-density layout reflect what today's homebuyers value most: balance, access, and long-term value.'
The project is located near major IT hubs such as Hinjewadi, Mahalunge-Mann Hi-Tech City Park, Baner, and the Mumbai–Bengaluru National Highway. Future infrastructure initiatives — including the upcoming Metro Line 2 (Chandni Chowk to Viman Nagar), the proposed six-lane Paud–Mahad corridor, a new eight-lane flyover at Chandni Chowk, and the 14-lane-wide Pune Ring Road — will significantly enhance accessibility and value for residents, the company claimed.
To date, SPRE has sold over 2,000 apartments worth ₹1,800 crore across mid-segment and premium developments within the township.
In May 2025, the company, in partnership with Kreeva (the Kanodia Real Estate Venture arm) and ASK Property Fund, announced the launch of a luxury residential development in Sector 46, Gurugram. The project is estimated to generate revenue of over Rs 1,400 crore over the next five years.
Additionally, with a development potential of over 130 million square feet, SPRE is present in top Indian markets including Mumbai, Pune, Bengaluru, Gurugram, and Kolkata, with a variety of developments across segments such as mid-income, luxury, and aspirational real estate.
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