Latest news with #TheDualis
Time of India
15-05-2025
- Business
- Time of India
Shapoorji Pallonji Real Estate, KREEVA & ASK Property Fund launch residential project in Gurugram
NEW DELHI: Shapoorji Pallonji Real Estate (SPRE), in partnership with KREEVA and ASK Property Fund , has launched a residential development project- The Dualis in sector 46, Gurugram . The project is expected to generate projected top-line revenues of over ₹1,400 crore over the next five years. It will have two towers with 198 3-BHK and 4-BHK residences with saleable areas ranging from 2,850 to 3,600 sq ft. This is SPRE's second project in the city.
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Business Standard
15-05-2025
- Business
- Business Standard
Shapoorji Pallonji launches over Rs 1,400 crore luxury project in Gurugram
Mumbai-based Shapoorji Pallonji Real Estate (SPRE), in partnership with Kreeva (Kanodia Real Estate Venture Arm) and ASK Property Fund, has announced the launch of The Dualis — a luxury residential development in Sector 46, Gurugram. The project is estimated to generate revenue of over ₹1,400 crore over the next five years. Towering approximately 150 metres, The Dualis will be among the tallest residential towers in the area, a statement by the consortium of SPRE, Kreeva, and ASK noted. The project features two towers with 198 luxurious 3- and 4-BHK residences, with saleable areas ranging from 2,850 to 3,600 square feet (sq ft), and 60,000 sq ft of amenity space. Sriram Mahadevan, chief executive officer (CEO) of SPRE and 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.' 'The partnership brings together institutional funding, deep-rooted local market expertise, and a shared legacy of construction excellence,' Mahadevan added. Mayank Jain, CEO of Kreeva, stated, 'The Dualis represents the commitment of delivering luxury, scale, and sophistication in one of Gurugram's most promising neighbourhoods. This collaboration with Shapoorji Pallonji Real Estate and ASK Property Fund is a strong endorsement of the location's investment potential, and we are confident that The Dualis will set a new benchmark for luxury living in the region.' This launch reflects a growing trend of institutional capital entering North India's luxury residential market, driven by rising demand, favourable infrastructure, and a discerning, maturing buyer base. The Dualis is expected to attract strong interest from both end-users and investors looking for long-term capital appreciation and a healthy rental yield, the developers claimed. Additionally, this is SPRE's second project in the Gurugram market, following the launch of Joyville Gurugram in Sector 102.
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Business Standard
15-05-2025
- Business
- Business Standard
Shapoorji Pallonji targets ₹ 1,400-cr sales from Gurugram housing project
Shapoorji Pallonji Real Estate (SPRE), in partnership with KREEVA and ASK Property Fund, on Thursday launched a luxury housing project in Gurugram with a revenue potential of Rs 1,400 crore. 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.
Time of India
15-05-2025
- Business
- Time of India
Shapoorji Pallonji Real Estate targets Rs 1,400-cr sales from new housing project in Gurugram
New Delhi: Shapoorji Pallonji Real Estate ( SPRE ), in partnership with KREEVA and ASK Property Fund, on Thursday launched a luxury housing project in Gurugram with a revenue potential of Rs 1,400 crore. 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Book your dream home & save upto ₹4 Lakhs. Sunteck World Book Now 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." Live Events "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.
