Business · Companies · 6 hrs ago
Shapoorji Pallonji plans plotted projects on 3,000 acres in Maharashtra
Shapoorji Pallonji Real Estate plans to develop more than 3,000 acres of land it owns across Maharashtra.
The company expects its plotted projects to generate more than Rs 10,000 crore over three to four years.
Its largest announced project is a 900-acre township in Khopoli, along the Mumbai-Pune corridor, aimed at people seeking second homes.
The Khopoli project has estimated development value above Rs 6,000 crore and is planned around wellness, with sports and adventure facilities in later phases.
The first 200 acres have key approvals and are expected to bring around Rs 1,800 crore in revenue potential.
The first phase is expected to be completed within 30 months, while later development will depend on location and market potential.
The company has already entered plotted development with a project near Pune; buyers in this kind of project purchase individual plots to build homes.
Shapoorji Pallonji Real Estate plans plotted developments on more than 3,000 acres across Maharashtra over the next three to four years.
The company estimates the projects could generate more than Rs 10,000 crore in revenue.
A 900-acre township in Khopoli, along the Mumbai-Pune corridor, is expected to have gross development value of more than Rs 6,000 crore.
The wellness-focused project will be developed in phases, with the first 200 acres expected to contribute around Rs 1,800 crore.
- Who
- Shapoorji Pallonji Real Estate, the real estate arm of the Shapoorji Pallonji Group.
- What
- It plans to develop plotted projects across more than 3,000 acres in Maharashtra, aiming for more than Rs 10,000 crore in revenue.
- When
- Over the next three to four years. The first 200 acres of the Khopoli project are expected to be fully developed within 30 months.
- Where
- Land parcels in the Mumbai Metropolitan Region, Pune and Nagpur; a 900-acre project is planned in Khopoli along the Mumbai-Pune corridor.
- Why
- The company intends to unlock the value of its land holdings and generate revenue through phased development.
This story does not have two clearly opposing sides.
The company completed a plotted development project spanning more than 100 acres on the outskirts of Pune, marking its entry into the segment.
Shapoorji Pallonji Real Estate plans to initiate and monetise multiple plotted development projects across its Maharashtra landbank.
The 200-acre first phase of the Khopoli project is expected to be fully developed within 30 months.
- Maharashtra landbank
- More than 3,000 acres
- Projected revenue
- More than Rs 10,000 crore over the next three to four years
- Khopoli project
- 900 acres; gross development value of more than Rs 6,000 crore
- First phase
- 200 acres; expected contribution of around Rs 1,800 crore
- Project investment
- Around Rs 1,500 crore, including land cost
1 source
What people are saying
Our landbank across Maharashtra provides us with an opportunity to build a sizeable plotted development portfolio.
We intend to unlock the value of these land parcels through a phased development strategy, with plotted developments expected to contribute over Rs 10,000 crore in revenue over the next three to four years,
We see plotted development as an additional avenue to unlock our land holdings across Maharashtra.