Shapoorji Pallonji Real Estate (SPRE) will develop a 5-acre residential project in Pune with an estimated revenue of Rs 800 crore as part of its expansion plan. The company has launched a 5-acre premium housing project VANAHA Verdant comprising about 600 apartments. Spread across 5 acres the upcoming project will offer approximately 10 lakhs square feet of saleable area with an estimated revenue potential of about Rs 800 crore SPRE said in a statement on Wednesday. What is the cost of the project? This upcoming project is part of its flagship 1000-acre integrated township VANAHA near Bavdhan Pune. The company did not disclose the project cost. Sriram Mahadevan CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing said With VANAHA Verdant we are not just launching another project but shaping a new way of living in Pune. Its proximity to nature integrated commercial spaces and low-density layout reflect what todays homebuyers value most: balance access and long-term value. To date Shapoorji Pallonji Real Estate (SPRE) has sold over 2000 apartments worth Rs 1800 crore across mid-segment within this large township. Post-Covid pandemic Indias top seven housing markets - Delhi-NCR Mumbai Metropolitan Region Bengaluru Chennai Hyderabad Kolkata Pune - have witnessed significant rise in demand and prices especially for builders having good track record of executing projects on time. Shapoorji Pallonji Real Estate is one of the leading real estate developers in the country. It is part of the Shapoorji Pallonji Group a multi-business conglomerate. With a development potential of over 130 million sq ft SPRE has a presence in Mumbai Pune Bengaluru Gurugram and Kolkata.