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Shapoorji Pallonji to pour Rs 400 cr in Gurugram housing project

Thursday, 13 Jun 2019
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Shapoorji Pallonji Group announced Phase-II of its housing project in Gurugram, Haryana. The project will see an investment to the tune of Rs 400 crore. The construction of the project has already started.

The company has purchased a land parcel from another real estate developer, BPTP.

It had launched Phase-I of the 18 acre project ‘Joyville Gurugram’ on Dwarka Expressway in January 2019.

The housing project is being developed by USD 200 million (around Rs 1,400 crore) platform set up by Shapoorji Pallonji, ADB, IFC and Actis.

Following the launch of Phase-I, the company has launched Phase-II comprising 516 units. The company will sell apartments in the range of Rs 65 lakh to Rs 1.2 crore.

It will develop 1,550 units in three phases with a total investment of Rs 1,200 crore.

Phase-I of the housing project having 516 flats is completely sold out. This is the fourth housing project under this platform.

 

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