S Pallonji kicks starts ₹1,200-cr real estate projects

Shapoorji Pallonji
Shapoorji Pallonji, which entered the Delhi-NCR property market recently, has speed up ₹1,200 crore realty projects stretching across an area of 18 acres in Gurugram. The group has already sold over 400 flats for about ₹350 crore at the launch of the project, which has been named as ‘Joyville Gurugram‘. The project, which is located on Dwarka Expressway, is being developed by a $ 200 million platform established by Shapoorji Pallonji, ADB, IFC and Actis. As many as 516 flats would come up in the first phase of the project and is being sold in a price range of ₹58 lakh to ₹1.05 crore. The total units in this project would be 1,500 and they will be constructed in three phases, said Housing MD Sriram Mahadevan, claiming that the success of the project validates the trust of valued homebuyers in Shapoorji Pallonji‘s legacy. It also proves the strong demand for well-designed easy to own homes for buyers in the prevailing micro market scenario

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