Shapoorji Pallonji Real Estate, a renowned name in the real estate sector, is proud to announce the launch of two remarkable housing projects within its expansive 200-acre township, SP Kingstown, located in Hadapsar Annexe, Pune. With an estimated revenue potential of INR 1500 Crore, these projects are set to redefine the city's residential landscape and provide a truly enchanting living experience.
SP Kingstown is a massive 200-acre township, a true embodiment of innovation, where residential, commercial, educational, healthcare, and retail spaces seamlessly coexist. This integrated living concept has been designed to offer a holistic lifestyle to its residents, setting new benchmarks in urban living.
Shapoorji Pallonji Real Estate is now adding another layer of brilliance to SP Kingstown with the launch of two new housing projects: Wildernest and Joyville Celestia. These projects are designed to cater to a wide spectrum of residents, from those aspiring for a better life to those seeking ultimate luxury.
Wildernest: A Green Oasis in the Heart of Pune
Wildernest, a part of the SP Kingstown township, is a sanctuary of green living. It seamlessly blends modernity with nature, offering residents a serene and sustainable lifestyle. With thoughtfully designed spaces and state-of-the-art amenities, Wildernest is a testament to Shapoorji Pallonji's commitment to creating a harmonious living environment.
Joyville Celestia: Aspirational Living Redefined
Joyville Celestia, the second aspirational project within the SP Kingstown township, is set to elevate the standards of aspirational living. As Sriram Mahadevan, Managing Director of Joyville Shapoorji Housing, mentioned, this project reflects a commitment to provide residents with a unique and enriching living experience. The estimated cost of Joyville Celestia stands at an impressive 200 USD Million, a testament to the investment in excellence.
Project Highlights
Real estate developer Sunguard Builders plans to develop a residential and commercial complex on a 0.94-acre plot in Mulshi Taluka, Pune. The project would comprise a 2B+ LG +UG+18-story tower containing apartments, commercial units, and a parking facility.
The project is awaiting environmental clearance and the Company intends to commence work on the project in the third quarter of FY24 and complete it by December 2027.
Project Highlights
Real estate company Ashiana Housing will invest Rs 275 crore to develop a housing project for the elderly in Pune. The Delhi-based company said in a statement that it has launched a joint venture project, Ashiana Amodh Senior Living at Talegaon in Pune.
The project spread over an area of 11.93 acres, is to be developed in four phases and will entail an investment of Rs 275 crore, it added. The project will be funded through internal accruals and construction financing. Ashiana Housing said the handover of the first phase is scheduled for October 2026.
The company is targeting customers aged 55 and above. In the first phase, 220 units will be developed and sold in a price range of Rs 57 lakh to Rs 1.27 crore.
The development of the first phase includes the land cost of Rs 25.11 crore, construction cost of Rs 52.38 crore, and other expenses of Rs 16.36 crore. The total investment for the project would be Rs 275 crore, according to the company.
Kalpataru Group and the Indian Hume Pipe Company have signed a joint venture agreement for a pioneering project. This ambitious venture is set to be developed in two phases over the next 6-7 years, with an estimated investment of approximately 1000 crore rupees. The project will predominantly feature luxury apartments, constituting about ninety percent of the development, with the remaining ten percent dedicated to commercial spaces. Current property prices in the area suggest that the project could yield total revenues of approximately 2,500 crore rupees, with Kalpataru accounting for nearly 1,700 crore rupees.
The project, which is already generating substantial buzz in the real estate sector, is expected to deliver a plethora of amenities and features, transforming the local real estate scene.
Mr. M. S. Mani, Managing Director of Kalpataru Group, said that this collaboration with the Indian Hume Pipe Company marks a significant milestone for Kalpataru Group. The group is dedicated to delivering the best-in-class living experience to its customers, and this project aligns perfectly with that vision.
The Indian Hume Pipe Company, renowned for its expertise in infrastructure development, brings a wealth of experience to this partnership. Their participation is expected to bring a unique perspective to the project's commercial development segment.
As Pune continues to attract attention as a growing real estate market, the Kalpataru-Indian Hume Pipe Company joint venture is poised to make a substantial impact. This project not only aims to provide modern and luxurious living spaces but also contributes to the overall growth and development of Pune's real estate sector.
Developer has announced to development of the premium residential project on NIBM Road over 11.5 Lakhs sqft. This area enjoys extensive connectivity via NIBM Road, Katraj-Kondhwa Road, and Pune-Bangaluru Highway. This micro-market provides a unique combination of scenic appeal, robust infrastructure, and easy connectivity, making it a popular location across customer segments.
Delhi Public School, National Institute of Bank Management and VIBGYOR High Schools
Royale Heritage Mall and The Konark Mall
NIBM Road, Katraj-Kondhwa Road, and Pune-Bengaluru Highway
