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Myshopdeal News Shapoorji Pallonji Group to launch multiple housing project in the next three years.

Ankita
2018-12-31
Abstraction

After the declaration of housing brand ‘Joyville’, Shapoorji Pallonji Real Estate firm which is the property vertical of Shapoorji Pallonji Group has recently announced the launch of multiple residential projects in the coming three years. The company is planning to deliver the project of 80 million sq. ft. Initially, the group is involved in the construction of residential and commercial project for other renowned builders of the country such as DLF. Some of the eminent projects of DLF group has been crafted by Shapoorji Pallonji Real Estate Company such as the Skyview corporate park in sector-74A Gurgaon. 

After counting the success rate of the constructional project undertaken by the real estate firm. In 2016, the SP Group has initiated the real estate brand of the group with the brand name Joyville Homes. It is an affordable housing brand which will involve in the development of affordable residential projects. 

Counting to the high scope in the property market, the renowned Shapoorji Pallonji Group has announced the highest volume of launch in the country. Shapoorji Pallonji Real Estate company is planning to launch 25 million- 30 million sq. ft. each in the coming three years and is expected to complete these projects in the next 6-7 years.

Shapoorji Pallonji new launches will going to knock with the upcoming project of country’s largest developer DLF. The renowned DLF group has started the construction work for its upcoming project. It's a 7 million sq. ft. housing project based in central Delhi. This project is a joint venture with Singaporean fund GIC. However, DLF group has already announced that the selling of these housing units will be done after the completion of the project.  

Out this project, 20 million sq. ft. will be allocated for middle-income group (under Rs. 10 million), 40 million sq. ft. is allocated for Rs. 10 million- Rs. 20 million bracket, 10 million sq. ft. will be allocated for Rs. 20 million- 30 million category and 10 million sq. ft. will be allocated for above the Rs. 30 million category. Alike most of the developers, Shapoorji Pallonji is planning to sell these apartments during the period of construction.

Shapoorji Pallonji is focusing on drawing the sales value of Rs. 60 billion in this current FY, around Rs.100 billion in the next FY and about Rs. 150 billion by Financial Year 2021. The group is expecting to accumulate Rs. 25 billion from the customers in the Financial Year 2019, Rs. 45 billion in Financial Year 2020 and Rs. 60 billion in Financial Year 2021. As per the concern of selling the property, the company believes RERA ( Real Estate Regulation Act) as a positive aspect. As the advent of this act brings a sense of awareness among buyers to go for buying the properties from trusted brands only. The group has build a strong team to plan, execute, market and sell the projects. 

Apart from the turmoil in the property area, the current market favour only the large and well-capitalised players which are able to  allure great institutional funding. These players are able to sustain in the property market with further future planning. Shapoorji Pallonji has proven many times that the group is able to stand high according to the market at any given time and scenario. 

Shapoorji Pallonji Joyville Sector 102 Gurgaon

The real estate arm of the renowned Shapoorji Pallonji Group is all set to launch its new residential project in Gurgaon. With the name of Joyville, SP group is building a premium housing project at the heart of Gurgaon. Based out at sector-102 Gurgaon, this housing project is a perfect blend of luxury living in nature’s vicinity. Spread in 18 acres of area, this residential project is beautifully crafted in 2,3 BHK options. The premises is surrounded by ample of green space including landscape, parks and gardens and kids playing area. 

Shapoorji Pallonji Joyville encompasses all the modern amenities to add convenience to the life of the residents. It includes Gym, indoor game room, swimming pool, reflexology path, kids play area, podium garden, high class elevators, 24x7 power back , pedestrian friendly complex, Wi-Fi enabled community, Fire safe building, CCTV, separate entry/exit, boom barrier facility. 

Located at the advantageous location in the millennium city, Shapoorji Pallonji Joyville Gurgaon offer great connectivity from Dwarka Expressway. Located at 10 minute drive from IGI Airport, NH-8 and Dwarka. 10 minutes drive distance from proposed diplomatic enclave & embassies. Close proximity to the upcoming 215- acre university campus. Great connectivity to the upcoming metro station. Located along 75 meter sector road and state highway.

Myshopdeal is the official channel partner of Shapoorji Pallonji Joyville Sector 102 Gurgaon Project. Myshopdeal recommends Joyville to all the home seekers looking to reside in the Gurgaon city. A great project to consider from the investment point of view. 

Check out all the details of Shapoorji Pallonji Joyville Gurgaon at Myshopdeal website. Visit at www.myshopdeal.co.in.