In Pune, Shapoorji Pallonji a leading real estate firm has announced the development of a new 5-acre residential project, ‘VANAHA Verdant,’ with an estimated revenue potential of ₹800 crore. This premium housing development, part of a larger integrated township near Bavdhan, will feature approximately 600 apartments. The move reflects the company’s strategic expansion in response to the significant post-pandemic surge in demand and prices across India’s top housing markets, signaling continued confidence in Pune’s robust real estate sector and its potential for high-value residential offerings.
The upcoming ‘VANAHA Verdant’ project is situated within the firm’s expansive 1,000-acre integrated township, VANAHA, located near Bavdhan in Pune. This five-acre development is designed to offer approximately 10 lakh square feet of saleable area. According to the CEO of the real estate firm, the project is not merely a new launch but an effort to “shape a new way of living” in Pune. The design emphasizes proximity to nature, integrated commercial spaces, and a low-density layout, aligning with what contemporary homebuyers increasingly prioritize: balance, accessibility, and long-term value. The company has already successfully sold over 2,000 apartments within this vast township, generating sales worth ₹1,800 crore to date.
The decision to launch this new project comes amidst a buoyant period for India’s real estate market. Post-COVID-19 pandemic, the nation’s top seven housing markets—Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune—have experienced a notable surge in both demand and property prices. This upward trend has particularly benefited developers with a strong reputation for delivering projects on time. The real estate firm, a prominent developer in the country and part of a multi-business conglomerate, possesses a significant development potential exceeding 130 million square feet across various key cities, including Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.
This new project underscores the robust growth and investment appeal of Pune’s real estate sector, driven by evolving buyer preferences for integrated living spaces. It exemplifies modern urban development focused on quality and amenities, contributing to the city’s economic vitality and offering aspirational housing solutions for its expanding population.
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Pune Shapoorji Pallonji Targets Rs800 Crore From New Housing Project
