Shapoorji Pallonji Real Estate to develop ₹800 cr housing project in Pune

An upscale residential development project in Pune with a potential revenue of ₹800 crore has been announced by Shapoorji Pallonji Real Estate (SPRE).

Off Bavdhan in south-west Pune, VANAHA Green is a 5-acre development with about 10 lakh square feet of marketable space. The 1,000-acre integrated township owned by the company includes the project.

With VANAHA Verdant, we are launching a new way of life in Pune. Its natural surroundings, built-in commercial spaces, and low-density design capture what homebuyers of today most appreciate: balance, access, and value over the long term," noted Sriram Mahadevan, chief executive officer at Shapoorji Pallonji Real Estate and managing director of Joyville Shapoorji Housing.

VANAHA, formally a part of one of India's biggest integrated townships, has more than 350 acres allocated to open spaces. It comprises a combination of residential, commercial, and retail areas.

The complex is close to IT parks like Hinjewadi, Mahalunge-Mann Hi-Tech City Park, Baner, and the National Highway connecting Mumbai and Bengaluru. Upcoming infrastructure projects—the new Metro Line 2 (Chandni Chowk to Viman Nagar), the planned six-lane Paud–Mahad corridor, a new eight-lane flyover on Chandni Chowk, and the 14-lane-wide Pune Ring Road—will "considerably add" value and accessibility for dwellers, said SPRE.

SPRE has achieved over 2,000 units of Rs 1,800 crore worth of mid-segment as well as luxury projects in the township.

The group announced in May 2025 that it would build a posh residential complex in Sector 46, Gurugram, in collaboration with Kreeva, a Kanodia Real Estate Venture subsidiary, and ASK Property Fund. The project is expected to bring in more than Rs 1,400 crore over the next five years.

Furthermore, additionally, SPRE is present in major Indian markets like Mumbai, Pune, Bengaluru, Gurugram, and Kolkata, with a development potential of over 130 million square feet. range of developments across mid-income, luxury, and aspirational real estate segments.