Joyville Shapoorji Housing Eyes Rs 1000 + Cr Revenue from Pune Project

BY Realty+

Joyville Shapoorji Housing, the housing platform by Shapoorji Pallonji, ADB, IFC, and Actis, announced the launch of its new residential project near Hadapsar, Pune. The first phase comprises the ‘Sky-Luxe Edition’ of duplexes and penthouses. The towers will have 168 duplexes and penthouses with carpet areas ranging from 1,220 sq ft (~113 sq.m.) to 1,326 sq ft (~123 sq.m.). The company expects a sales revenue of INR 1000+ crore from its newly launched project.

Part of a ~ 9-acre (~ 36,594 sq.m.) development, the two towers consist of 3-BHK duplexes and penthouses with a saleable area of about 2.8 lakh square feet (~26,000 sq.m.), with exclusive terrace and podium amenities. Sky-Luxe Edition is a luxurious architectural marvel that is meticulously planned, offering stunning views of its vicinity with utmost privacy. Joyville homes are always built around greenery, and Sky-Luxe Edition residences are no exception. Apart from the duplex towers, the development comprises 75% open spaces with abundant fresh air, making the homebuyers feel on top of the world. The duplexes start from Rs. 1.45 crore onwards. Located on the Pune-Solapur Highway, near Hadapsar, Sky Luxe Edition is well-linked to the neighboring localities.

Speaking on the launch, Sriram Mahadevan, Managing Director of Joyville Shapoorji Housing, said, "We are excited to announce the launch of our new residential project comprising duplexes and penthouses near Hadapsar, Pune. While doing our research, we found a growing demand for duplexes in the region. Joyville strives to meet the needs of upwardly mobile customers, whether they are upgrading to gated communities or, in this case, aspirational-fueled duplexes and penthouses. The Sky-Luxe Edition offers duplexes and penthouses in towers with best-in-class amenities, safety, and security within a gated community. We are confident that the new project will provide a holistic living environment that meets the aspirations of a perfect home."

He added, "We are happy to add this project to our growing portfolio and strengthen our presence in the Pune market. Rapid infrastructure development has increased residential demand in Hadapsar. Given the location’s gradual transformation, we are optimistic that Hadapsar will promote a future that will change the way people live." Sky-Luxe Edition residences are crafted for sustainable living. They are built with energy-saving features such as energy-efficient walls, low-flow water fixtures, and rainwater harvesting, leading to lower energy utility bills. The two duplex towers include exclusive terrace amenities, offering a perfect blend along with the goodness of nature.

Tags : Joyville Shapoorji Housing housing platform Shapoorji Pallonji ADB IFC Actis Sriram Mahadevan Managing Director Joyville Shapoorji Housing