Pune, India – Shapoorji Pallonji Real Estate (SPRE) unveiled the second phase of its ‘Golfland’ project in Pune, marking a significant addition to the expansive ‘VANAHA’ township near Bavdhan in West Pune. Anticipating a robust response, SPRE estimates revenue potential to reach around Rs 600 crore from the sale of 276 luxurious homes.
Upscale Residences for Pune’s Discerning Buyers
The second phase of ‘Golfland’ is a response to the escalating demand for upscale residences in Pune, reflecting the city’s evolving real estate landscape. With a commitment to delivering exceptional products, SPRE aims to meet the high expectations of homebuyers seeking luxury living experiences.
The ‘VANAHA’ Township: A Mixed-Use Marvel
Situated within the expansive ‘VANAHA’ township, spanning 1,000 acres, ‘Golfland’ is part of a mixed-use development that incorporates residential, commercial, and retail spaces. The township’s first phase witnessed the launch of 276 homes, establishing a strong foundation for the subsequent phases.
A Track Record of Success
To date, SPRE has already sold over 1,800 apartments in the ‘VANAHA’ township, accumulating a sales value of Rs 1,500 crores. These sales encompass mid-segment developments like ‘Yahavi’ and ‘Springs,’ along with the premium residences introduced in the first phase of ‘Golfland.’
Nirav Dalal, Business Head and Chief Investment Officer at SPRE, expressed confidence in the success of ‘VANAHA,’ emphasizing the brand’s commitment to delivering outstanding products aligned with customer trust. Dalal highlighted the growing trend of luxury and premium launches in Pune’s real estate sector and anticipated a flourishing market in 2024.
Investment Potential in Pune Real Estate
Dalal urged prospective homebuyers to seize the opportunity, emphasizing the current strength and potential for continued growth in Pune’s real estate market. Citing strong demand and notable price appreciation, he believes that 2024 presents an ideal time for property investments.
A Pan-India Presence for SPRE
Shapoorji Pallonji Real Estate boasts a development potential exceeding 142 million square feet, with a substantial presence in Mumbai, Pune, Bengaluru, Gurugram, and Kolkata. The company’s success in ‘VANAHA’ contributes to its reputation as a leading player in India’s real estate sector.
