&w=3840&q=100)
Shapoorji Pallonji targets ₹ 1,400-cr sales from Gurugram housing project
In October last year, Shapoorji Pallonji Real Estate (SPRE) formed a joint venture with Kanodia Group's real estate venture Kreeva to develop a residential project, spread over 1.75 acre, in Sector 46, Gurugram.
On Thursday, SPRE launched this new project -- The Dualis -- comprising 198 units, as part of its expansion plan to encash strong housing demand across major cities.
"The project is poised to generate projected top-line revenues of over Rs 1,400 crore over the next five years," SPRE said in a statement.
The project features two towers, each having a height of about 150 metre, with 198 apartments. The size of the flats ranges from 2,850 to 3,600 square feet.
Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate (SPRE) & Managing Director of Joyville Shapoorji Housing, said, "With 'The Dualis', we are entering a high-potential micro-market with a product that combines location, scale, and quality." "This is a long-term investment in the future of luxury housing in Gurugram, backed by partners who share our vision for value creation and timely delivery," he said.
The partnership brings together institutional funding, deep-rooted local market expertise, and a shared legacy of construction excellence, Mahadevan said.
Mayank Jain, CEO-KREEVA said this collaboration with SPRE and ASK Property Fund is a strong endorsement of the location's investment potential.
This is SPRE's second project in the Gurugram market, following the successful launch of Joyville Gurugram in Sector 102.
With this project, the SPRE further strengthens its residential real estate portfolio in NCR.
SPRE, which is part of the Shapoorji Pallonji Group, is one of the leading real estate firms in the country.
With a development potential of over 142 million square feet, SPRE has a presence in Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.
Kanodia Group is into diverse businesses, including cement, building solutions, media and real estate, among others.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
9 minutes ago
- NDTV
Tata Altroz, Harrier.ev And More Get Onam Discount Of Up To Rs 2 Lakh
Tata Motors has launched its exclusive Onam offers campaign for the state of Kerala. Valid from 25th July to 30th September 2025, the Company is offering special benefits up to Rs 2,00,000 on Passenger and Electric vehicles with priority deliveries as a part of Onam bookings. Customers can now avail Balloon Schemes - enabling low initial EMIs for easier upgrades, Step-Up Schemes that provide progressive EMIs tuned to income raises for ease of payment, and Low EMI Scheme offering just Rs 100 per lakh EMI for the first 3 months. Moreover, EV customers can also avail 6-month financing for accessories, extended warranty, AMC, and servicing, making EV ownership even more accessible. Tata Motors: Onam Discount ICE Model Total Discount Up to EV Model Total Discount Up to Tiago Rs 60,000 Rs 1,00,000 Tigor Rs 60,000 Rs 85,000 Altroz Rs 1,00,000 Rs 1,00,000 Punch Rs 65,000 Rs 2,00,000 Nexon Rs 60,000 Rs 1,00,000 Curvv Rs 40,000 Harrier Rs 75,000 Safari Rs 75,000 Enhancing the festive fervor in Kerala, Mr. Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd., said, "Kerala has always been a vital market for Tata Motors and holds special significance for the Tata Group. Onam is the most important festival for our customers here, and we are committed to making this celebration even more meaningful. This year's festive campaign is designed to enhance the overall buying experience with attractive cash offers, easy financing options, and priority deliveries-ensuring a delightful journey for our customers. The brand claims that in line with the commitment to seamless ownership, Tata Motors has expanded its service network across Kerala, now boasting 622 passenger vehicle bays in 83 workshops, a dedicated EV battery repair centre, training facilities, and 5 stores. We believe these initiatives, coupled with our heartfelt campaign, will bring added joy to the season and strengthen our emotional bond with our customers
Indian Express
9 minutes ago
- Indian Express
Gold Today Rate, 13 August: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
Gold Rate Today: Gold prices in India declined for the second time this week; however, prices have been falling since August 9th. According to GoodReturns, gold prices have dropped by Rs 19,100 in 100 grams and Rs 1,910 in 10 grams of 24 carat over the last four days. Gold, considered an ideal inflation hedge, has volatile prices amid rising economic uncertainty and Trump's tariff tensions. The price of gold in India today is ₹10,135 per gram for 24 karat gold, ₹9,290 per gram for 22 karat gold and ₹7,601 per gram for 18 karat gold. The most expensive gold is 24-carat gold, which is often used for investment purposes; meanwhile, 22-carat gold and 18-carat gold are often used in jewellery. Source: GoodReturns
India.com
9 minutes ago
- India.com
Independence Day 2025: FASTag Annual Pass to launch on August 15, Check benefits, price and other details here
एनुअल पास लाने का मकसद क्या है? New Delhi: The National Highways Authority of India (NHAI) is set to introduce the FASTag Annual Pass starting August 15. With this, the highway commuting in India is set for a major upgrade. It is important to note that under this scheme, owners of private cars, jeeps, and vans can pay a one-time fee of Rs 3,000, which will cover up to 200 toll transactions or travel for one full year, whichever comes first. The new pass is designed to simplify and reduce the cost of frequent highway travel. Here are some of the key details: The FASTag Annual Pass offers private cars, jeeps, and vans free access through designated National Highway (NH) and National Expressway (NE) toll plazas It is important to note that the FASTag Annual Pass will be valid for either one year or up to 200 trips, whichever comes first. Once the Rs 3,000 payment for the 2025–26 base year is confirmed, the pass is usually activated on the registered FASTag within two hours. For tolls on state highways or municipal roads, FASTag will continue to operate normally, with standard charges applied. There's no need to purchase a new FASTag, as the Annual Pass can be linked to an existing FASTag However, it should meet certain eligibility conditions, such as being clearly displayed on the windshield and the vehicle registration number not being blacklisted. How to purchase the FASTag Annual Pass online? For the convenience of the owners, we have mentioned the steps via which they can purchase the FASTag Annual Pass online: Go to the Rajmarg Yatra app or the official NHAI/MoRTH website. Log in using details such as your vehicle registration number and FASTag ID. Make a payment of Rs 3,000 through UPI, debit/credit card, or net banking. The Annual Pass will be linked to your existing FASTag—no need to purchase a new one. You'll receive an SMS confirmation on August 15, when the pass becomes active.
