Shapoorji Pallonji Real Estate

Name

Shapoorji Pallonji Real Estate

Legal name

Shapoorji Pallonji Real Estate

Website

https://shapoorjirealestate.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Marketing or Sales, Personnel, Technology or R&D

Revenue model

1. Residential Property Sales: SPRE generates revenue primarily through the sale of residential apartments, villas, plotted developments, and townhouses across multiple projects in India. Revenue is realized upon possession of units, with booking amounts collected during construction phases. The company reported over ₹600 crore in bookings in 2025.
2. Commercial Property Development: SP Infocity projects in Pune, Nagpur, and Manesar generate commercial real estate revenue through office space development and lease/sale to corporate clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Shapoorji Pallonji Real Estate (SPRE) develops and sells residential and commercial real estate across major Indian cities including Mumbai, Pune, Gurugram, Bengaluru, Thane, Kolkata, and Howrah. The portfolio spans affordable housing under the Joyville sub-brand, premium and luxury apartments and villas, plotted developments, integrated townships, and commercial IT parks (SP Infocity).

Product overview

Shapoorji Pallonji Real Estate (SPRE) operates as a diversified real estate developer offering residential and commercial properties across 8+ Indian cities. The product portfolio comprises three main categories: (1) Premium/Luxury Residential Projects including BKC 9, The Dualis, Vanaha Verdant, The Odyssey, Nine Arcs, Skyraa, Northern Lights, Parkwest 2.0, Wildernest, Tree Clouds, and Treetopia plotted development; (2) Commercial Projects including SP Infocity complexes in Pune, Nagpur, and Manesar; and (3) The Joyville Homes sub-brand offering affordable housing across multiple cities. Projects span major metro and tier-1 cities including Mumbai, Pune, Gurugram, Bengaluru, Kolkata, and Thane, with offerings ranging from luxury apartments to mass housing townships. The company also has international presence through development projects in Dubai.

Differentiator

Problem solved

Functional benefit

Brands

• Joyville Homes: Affordable housing brand by Shapoorji Pallonji Real Estate offering residential projects across multiple Indian cities including Pune, Mumbai, Gurugram, and Howrah.

Products and services

• BKC 9
• The Dualis Ultra-luxury 3 & 4 BHK residential project in Sector 46, Gurugram. Low-density twin-tower design with panoramic views and resort-inspired amenities.
• Vanaha Verdant Premium 2 & 3 BHK private deck residences in Bavdhan, Pune. Part of 1000-acre Vanaha Township with forest trails, wellness spaces, and Sahyadri views.
• The Odyssey Luxury 3 BHK residential project in Gamdevi, South Mumbai near Marine Drive. G+63-storey structure with 2 residences per floor and panoramic sea views.
• Nine Arcs Premium 2 & 3 BHK residential project in Santacruz East, Mumbai. 14-storey European-style architectural design with 137 residential and 9 commercial units.
• Tree Clouds 3 & 4 BHK residences at SP Kingstown in Hadapsar Annexe, Pune. Low-density development over 10 acres within a 200+ acre township with 25+ amenities.
• BKC 28 Premium 2 BHK residential development near BKC in Bandra East, Mumbai. 22-storey tower with 4 units per wing per floor and double-height entrance lobby.
• Wildernest 3 & 4 BHK residences at SP Kingstown in Pune. Nature-centric project with views of canals and Sahyadri mountains, featuring 4 towers, 12 villaments, and 13 villas.
• Northern Lights 2 & 3 BHK residential development on Pokhran Road 2 in Thane. 4.8-acre project with 60+ amenities across multiple towers rising up to 50 floors.
• Parkwest 2.0 3 & 4 BHK luxury residential development in Binnypet, Central Bengaluru. One of the largest luxury developments spanning ~46 acres with 11 towers.
• Skyraa Luxury 3 & 4 BHK residential tower on Pokhran Road 2, Thane. 51-storey tower (one of the tallest in Thane) with rooftop sky lounge and 60+ amenities.
• Treetopia 105-acre plotted development in Pune Growth Corridor near upcoming Purandar International Airport. Offers 483 residential plots including Private Estates phase overlooking a 25-acre natural lake.
• The Vastion Ultra-exclusive 25-unit residential enclave in Hadapsar Annexe, Pune, built within a mature mango orchard. Comprises 13 palatial 4.5BHK villas and 12 hybrid villaments.
• Golfland at Vanaha 3 & 4 BHK duplex flats and townhouses near Bavdhan, Pune. Golf course-facing homes in Vanaha township developed by Image Realty LLP.
• SP Infocity Pune Commercial IT park development in Pune offering office spaces and commercial facilities for corporate tenants.
• SP Infocity Nagpur Commercial IT park development in Nagpur offering office spaces and commercial facilities for corporate tenants.
• SP Infocity Manesar Commercial IT park development in Manesar offering office spaces and commercial facilities for corporate tenants.
• Joyville Homes (Sub-brand) Sub-brand portfolio offering affordable and mid-segment housing projects across multiple Indian cities including Pune, Mumbai, Gurugram, and Howrah. Includes Joyville Virar, Joyville Celestia, Joyville Hadapsar Annexe, Joyville Hinjawadi, Joyville Sensorium, Joyville Sky-luxe Hadapsar, Joyville Western Heights, Joyville Gurugram, and Shapoorji Pallonji One Estate.
• Heartland Premium residential development in Mulund West, Mumbai. Apartments starting at ₹1.71 Cr (all inclusive) targeting upper-middle class buyers.

Quantifiable outcome

• Over ₹600 crore in bookings reported in 2025
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Fortis HealthcareminorStrategic or Co-development Partner · 4 June 2025The Dualis project in Gurugram has partnered with Fortis for healthcare services, providing residents with access to quality healthcare facilities in proximity to the development.
• BoschminorStrategic or Co-development Partner · 4 June 2025The Dualis project has partnered with Bosch for vehicle care services and branded partnerships for gym and clubhouse management, enhancing lifestyle amenities for residents.
• Kanodia GroupcoreStrategic or Co-development Partner · 15 October 2024Shapoorji Pallonji Real Estate entered a joint venture with Kanodia Group to develop a luxury residential project in Gurugram. This partnership leverages SPRE's development expertise with Kanodia Group's local market knowledge.
• Vakratunda Group (Vakratunda Buildcon Private Limited)coreStrategic or Co-development PartnerJoint venture entity for development of BKC 9 and BKC 28 projects in Mumbai's Bandra Kurla Complex, combining SPRE's construction expertise with Vakratunda Group's local expertise.
• Image Realty LLPcoreStrategic or Co-development PartnerJoint venture entity of Shapoorji Pallonji Group developing the Vanaha township including Vanaha, Vanaha Verdant, and Golfland at Vanaha projects in Pune.
• Jaykali Developers Pvt LtdcoreStrategic or Co-development PartnerShapoorji Pallonji Group Company developing the Northern Lights township including Omega, Orion, Oyster, Skyraa, and The Impulse towers on Pokhran Road 2 in Thane.
• Palchin Real Estates Private LimitedminorStrategic or Co-development PartnerJV entity developing residential buildings within SP Kingstown township in Pune's Hadapsar Annexe.
• Floreat Investments Private LimitedminorStrategic or Co-development PartnerPromoters of The Odyssey project in South Mumbai's Gamdevi area, collaborating with SPRE for development of this ultra-luxury residential project.
• Forbes & Company Limited and Paikar Real Estates Pvt LtdminorStrategic or Co-development PartnerPromoters of Vicinia project in Mumbai's Chandivali-Powai area, collaborating with SPRE for development of this premium residential project.
• Relationship Properties Pvt. Ltd.minorStrategic or Co-development PartnerPromoter of Parkwest 2.0 project in Bengaluru's Binnypet area, collaborating with SPRE through development managers Shapoorji Pallonji Development Managers Pvt. Ltd.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

• Xx.com/SPRE_Official
• YouTubeyoutube.com/channel/UCDmcSgwA3xVyQxszZa8qOIw
• Facebookfacebook.com/ShapoorjiPallonjiRealEstate
• LinkedInlinkedin.com/company/shapoorji-pallonji-real-estate
• Instagraminstagram.com/shapoorjipallonjirealestate

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shapoorji Pallonji Real Estate