Shapoorji Pallonji Real Estate to launch six projects in FY18
The real estate arm of Shapoorji Pallonji group will launch at least six projects across the country in 2017-18, with two in the affordable housing segment.
Shapoorji Pallonji Real Estate Chief Executive Venkatesh Gopalakrishnan told PTI, “We plan to launch at least six projects this financial year. Out of these, we would be developing two projects under our ‘Joyville’ brand to build affordable homes.”
He said that the company already has 40 million sq ft land bank across the country. Of the six projects, 2-3 projects are being planned to come up in the megapolis, two in Pune and one in the National Capital Region (NCR), he added.
“We will be officially launching our 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,” Gopalakrishnan said.
He also informed that the company has registered five ongoing projects, with four in Maharashtra and one in Bengaluru with the RERA.