Shapoorji Pallonji Real Estate (SPRE) has launched the second phase of its ‘Golfland’ project in Pune, part of the expansive ‘VANAHA’ township near Bavdhan, West Pune. The company expects an estimated revenue of Rs 600 crore from the 276 luxury homes offered in this phase. Priced starting at Rs 1.48 crore, the residences cater to the growing demand for upscale living in Pune.
The ‘VANAHA’ township, spanning 1,000 acres, is a mixed-use development that includes residential, commercial, and retail spaces. In the first phase, SPRE had introduced 276 homes, and the current launch aims to meet the rising demand for high-end residences in the region.
Nirav Dalal, Business Head and Chief Investment Officer at SPRE, expressed confidence in the success of ‘VANAHA,’ citing the strong trust and confidence customers place in the brand. With over 1,800 apartments worth Rs 1,500 crores already sold in mid-segment and premium developments within the township, the company looks forward to continued success.
Dalal emphasized the steady increase in luxury and premium residential launches in Pune’s real estate market in recent years. He anticipates a flourishing market in 2024, driven by continued growth potential. Noting good price appreciation and strong demand in Pune, Dalal believes it is an opportune time for homebuyers to invest in property. Shapoorji Pallonji Real Estate has a significant development potential of over 142 million square feet and a presence in Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.