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Shapoorji Pallonji Redefining 35 Million Sqft Of Residential Luxury In Gurgaon City.

Ipsita Ray
2018-10-15

Shapoorji Pallonji the real estate giants of Mumbai has planned to launch nearly 35 million sq ft of projects across its existing markets this year. The 150 years old esteemed company has brought in many innovative changes and is still in the mode of expanding.

The Group CEO Venkatesh Gopalakrishnan announced that the company plans to launch three projects in Delhi- NCR this fiscal year, which will mark its dominance into the market.

 

Shapoorji Pallonji which is an Multinational brand is actually synonymous with Mumbai. But you will be surprised to know they they have built iconic landmarks, mega structures not only in Mumbai but in other countries too. On an international front they have been known as Afcons Infrastructure where they have constructed some of their finest structures. Exquisite examples of their work are Hotel Taj Mahal Palace, The Imperial Mumbai, Chenab bridge (which is the tallest bridge after Millau bridge in Paris), F1 race track in Noida,Mumbai railway station,Qasr Al Alam Palace of Oman,Mina Salman interchange, Barakhamba underground station to name a few. They are also into financial services, water recycling and innovative green power plants set up. Eureka Forbes which is a household name for water purification is their brand as well!

 

This speaks a lot about their success. But with great strength comes great responsibility and this is something no builder or MNC can beat. As a CSR gesture, they have built Sukhobrishti which is a project developed for the Govt of West Bengal for the low income group. Affordable house with premium facilities and they have not also advertised their name, this speaks a lot of their strength of character.  

 

Now turning our focus.Many reputed real estate builders like Godrej, Trumph, Emaar have chosen Delhi/ NCR as their primary focal point  and they have been expanding at an amazing speed. Properties in the capital region and Gurgaon has been selling like hot cakes. The home buyers here are willing to settle with their own accommodation and do not want to compromise on quality built. This is bringing in many opportunities for the builders who are trying to give in their best as well as provide out of the way experiences for the home owners. They are the first company who have brought in the concept of being investment friendly, which means they are very much concerned about the needs of the end users and investors - good construction with great prices.

 

After their major success in other cities Shapoorji Pallonji has planned a whopping 90 million sq ft of development. Out of this, they are launching 35 million sq ft this year itself in NCR and an equal number in the next year. The rest will be phased out  in the third year.

 

CEO  Mr Gopalakrishnan said the projects would be developed across its product portfolio and in cities like Mumbai, Delhi- NCR, Bengaluru, Kolkata, Hyderabad, and Pune.

 

Due to the fall in real estate prices it is a very lucrative time to invest in properties. In the NCR market Shapoorji, the company is developing an amazing project under the Joyville brand, which will come up on nearly 1.2 million sq ft in the northern Peripheral Road in Gurgaon.

 

In Dwarka Expressway they are also planning to launch another project in a good range. They have a piece of land in Noida and will be launching a project  in the next couple of months.They have a total of over 6 million sq ft of development to be launched this year and are going to add a few more projects in this market in the near future.

 

Speaking about the company's product mix in the residential segment, he said, it has nearly 40 percent of the residential project portfolio under the joint venture model, while 20 percent under the development management (DM) and 10 percent in joint development.


 

The 90 million sq ft pipeline includes the phase-wise launch of some of its existing projects under the Joyville brand as well as some luxury projects being developed in Mumbai and Pune and some in Kolkata.The company currently has three projects under the Joyville brand with each in Mumbai, Pune and Kolkata which have received tremendous response. Joyville in Gurgaon will be launched in sector 102 which is on the hot selling Dwarka Expressway. It will be built on a land area of total 18 acres and will be on an undivided patch.

The location is unique since it is adjacent 100 acres of protected green area on one side, public utility and on one side low rise homes so literally it will be open from 3 sides. This is a plot which has been alloted by the government and is walking distance from the metro station. There are reputed schools in the vicinity like DPS 102A and Heritage. ATS, Adani M2K Oyster

 

It is an exciting opportunity for Myshopdeal to be associated with such reputed builder as Shapoorji Pallonji. The Joyville will not need any kajoling, the class, quality and construction are its key to success. We are waiting for its grand opening and will keep you updated on anything new coming your way.