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Joyville to infuse Rs 1,200 cr on new housing project in Pune

Monday, 05 Oct 2020
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Shapoorji Pallonji's mid-income housing platform Joyville will invest around Rs 1,200 crore to develop a new residential project in Pune, Maharashtra.

Joyville is USD 200 million platform by Shapoorji Pallonji Group, the Asian Development Bank, the International Finance Corporation and Actis to develop aspirational housing projects in India.

This is the fifth project of Joyville and second in Pune property market. Shapoorji Pallonji has launched 21 acre housing project in east Pune.

The project 'Joyville Hadapsar Annexe' will be developed in phases, with Phase-I comprising 600 units to be sold at Rs 37.5 lakh onwards. The total units in this project will be more than 2,700.

The construction works are on at Joyville Hinjawadi (west Pune) and Joyville Gurugram (Sector 102) and expected to be completed as per the timeline.

 

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