Mumbai based realty farm Shapoorji Pallonji recently unveiled more than 180 luxury homes in the heart of silicon valley of India, Bengaluru with a revenue potential of around Rs. 500 crore.
The company told in an official statement that,it has launched 'Sequoia', the last tower at its project Parkwest 2.0 in Binnypet, Bengaluru.
The project named Park West has the potential saleable area of over 18.4 lakh square feet.
The company plans to construct more than 180 high-end apartments in the final tower, with a total saleable area of 4.3 lakh square feet and an estimated revenue potential of close to Rs. 500 crore.
MD & CEO of Shapoorji Pallonji Real Estate,Venkatesh Gopalakrishna stated,"Sequoia, the last tower at Parkwest 2.0, is a testament to our meticulous planning and unwavering dedication to craftsmanship." He also said that, Bengaluru is one of the major real estate markets in India.
This initiative is a part of Shapoorji Pallonji's broader vision to strengthen its foothold in major Indian cities, boasting a development potential of over 142 million square feet across Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.
As per the information collected from housing brokerage firm, PropTiger, the sales of residential properties shot up to 44% last year to 44,002 units from 30,467 units during 2022.
The new supply of housing also went up 14 percent to 47,965 units in 2023 from 42,215 units in the previous year. The realty farm Shapoorji Pallonji holds a significant presence in Mumbai, Pune, Bengaluru, Gurugram, and Kolkata, with a remarkable development potential exceeding 142 million square feet.
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