02
Mar

Shapoorji Pallonji realtor vends more than 800 apartments at the launch of its Joyville project

Shapoorji Pallonji sells over 800 flats at the launch of its Joyville project in Pune

The 21-acre venture is part of a bigger development which is over 200 acres and houses the stud farm of the Shapoorji Pallonji family

Real estate company Shapoorji Pallonji, which has released an aim housing assignment under the brand Joyville in East Pune last month, has sold over 800 residences. These flats have been sold in a price range of Rs 37.5 lakh to Rs 78 lakh, the company has claimed.

The company has witnessed excessive traction from homebuyers throughout the launch duration and acquired around 1500 Expression of interests (EOI), it stated.

The 21-acre venture is a part of a bigger development which is spread over 200 acres and houses the stud farm of the Shapoorji Pallonji family. The stud farm has four decades of rich heritage and is a classic land piece of iconic significance. therefore, the brand has witnessed high traction from homebuyers to own part of this legacy.

“The achievement of the project validates the trust of our valued homebuyers on the brand Shapoorji Pallonji and its 155-years of legacy. The brand depicts both development and construction expertise of the group and we trust this is what sets us apart,” said Venkatesh Gopalkrishnan, CEO, Shapoorji Pallonji real estate.

The group witnessed similar success in 2019 while it entered the Delhi-NCR and Thane residential markets, respectively. At Joyville Gurugram it has sold over 400 residences during the launch segment even as at Northern lights (Thane) under brand Shapoorji Pallonji real estate it has sold over 600 residences at the time of launch.

every time we've entered different markets, we've challenged conventional norms to obtain stretch results and set new benchmarks in the industry,” Gopalkrishnan stated.

Shapoorji Pallonji real estate has a development pipeline of over 80 million sq. ft and is looking to double its top line within the next 2 to 3 years. it is one of the top 5 real estate builders in India in terms of sale. The real estate arm is making plans to release new projects and new stages in its present tasks in MMR, Pune, Gurugram, Bengaluru and Kolkata by this fiscal year.