Shapoorji Pallonji’s real estate arm eyes 20 million sq.ft residential portfolio
Shapoorji Pallonji Group's real estate arm SP Real Estate (SPRE) expects its residential portfolio to reach 20 million sq ft over the next 6 years, including its affordable housing offering under the brand 'Joyville'. "We have been present in the luxury and mid-income segments and recently made a foray into the affordable housing or aspirational urban housing as well call it. "Given the growing demand for housing, we expect our residential portfolio to reach 20 million sq ft of development across 9 projects in various metros in next 6 years," SPRE Chief Sales and Marketing Officer Cyrus Engineer told. "We are developing our first affordable project in Howrah in Kolkata and now we are looking at expanding to Chennai, Bengaluru, Pune, Noida, Gurgaon and the MMR region. "Along with this, we are also expanding our luxury and mid-income projects in other geographies, especially major metros," he said.
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