Out of these, it would develop two projects under our 'Joyville' brand to build affordable homes," Shapoorji Pallonji Real Estate Chief Executive Venkatesh Gopalakrishnan said. Of the six, 2-3 projects are being planned to come up in the megapolis, two in Pune and one in the National Capital Region (NCR). The company already has 40 million sq ft land bank across the country and it will be officially launching affordable housing project in Virar by September-October. The second project under the Joyville brand at Hinjewadi in Pune will be launched by March 2018. The Shapoorji Pallonji Group entered the affordable housing segment last year by joining hands with Standard Chartered Private Equity, International Finance Corporation (IFC), an arm of the World Bank, and the Asian Development Bank (ADB).
