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Shapoorji Pallonji Real Estate (SPRE) has formed a joint venture with Kanodia Group's real estate venture Kreeva to develop a luxury residential project in Gurugram. The land is located at Sector 46, Gurugram. Spanning across 1.74 acres, the project will consist of luxury apartments, targeting homebuyers in the National Capital Region (NCR), the company said in a statement. Venkatesh Gopalakrishnan, Director Group Promoter's Office, MD & CEO, Shapoorji Pallonji Real Estate (SPRE), said, "We are excited to partner with KREEVA (Kanodia Real Estate Venture Arm) to bring our expertise in real estate development to Gurugram's Sector 46". This collaboration is in line with the company's vision of expanding its footprint in key markets across India, he said. "This is our second project in Gurugram, and we aim to create a landmark that will redefine the skyline of the location and provide an unparalleled living experience," Gopalakrishnan said. Gautam Kanodia, founder of Kreeva and ...
The company is required to pay around 1,400 crore rupees ($167.62 million) to bondholders of Goswami Infratech when it services the debt of another group company Sterling Investment Corp
Shapoorji Pallonji Real Estate (SPRE) on Wednesday launched a new ultra luxury project in Mumbai with an estimated revenue potential of more than Rs 1,000 crore. The company would develop nearly 60 residential units in 'The Odyssey' project, located off Marine Drive, with a starting price of Rs 15 crore per flat. "The project comprises close to 60 apartments for sale, with revenues exceeding Rs 1,000 crore," SPRE said in a statement. The project has been designed by architect Hafeez Contractor. Venkatesh Gopalakrishnan, MD & CEO, SPRE, said, "At Shapoorji Pallonji Real Estate, we believe in creating more than just structures; we craft environments that redefine luxury and comfort. The Odyssey is a manifestation of this philosophy." With an expected revenue surpassing Rs 1,000 crore, he said, the project signifies a lucrative venture that sets new standards for ultra luxury projects in South Mumbai. "As we make our historic comeback to South Mumbai, we are confident that this ..
Company turned around in FY22 after the Covid pandemic hit its core real estate operations in FY21; experts say Pallonji Mistry's sons now lead the businesses
The patriarch of the over 155-year-old construction empire held an 18.4 per cent stake in Tata Sons
Shapoorji's new launches are coming up mostly in Mumbai, Pune, Kolkata, and Mohali. The launches are in premium, luxury, and mid-income projects
Shapoorji Pallonji Real Estate is developing projects in Mumbai, Thane and Bengaluru
The group has raised Rs 300 cr in construction loans from banks and needs another Rs 400 cr for construction