March 23, 2021

Shapoorji Pallonji Group to develop 440 luxury residential flats in Bangalore with an investment of ₹300 crore

The famous Real Estate group Shapoorji Pallonji has planned to invest ₹300 crores in the construction of approximately 440 luxury apartments in Bangalore. The conglomerate has now launched a phase of its new 46-acres residential space, Parkwest in Binnypet, Central Bengaluru. The price of the apartments starts at ₹72 lakh and goes all the way to ₹2.06 crore. The apartment sizes will range from 462.10 sq ft to 1,185.07 sq ft.

The company has launched more than 1,900 apartments in their combined three phases. As per their timeline, they have successfully delivered about 700 flats in phase 1. Venkatesh Gopalakrishnan, Chief Executive Officer at Shapoorji Pallonji Group said that they have noticed a rapid rise in the demand for luxury residential properties in the past few months. This indicates a difference in the user behavior in the Bangalore Real Estate market post-COVID-19.

Mr. Gopalkrishnan also said that keeping in mind the current state of affairs, home seekers are looking for assured deals from reputed conglomerates to rebuild their trust in investing in residential properties. Keeping in mind the revival of the real estate market and growing demand for residential properties, the developer has now come up with the latest phase of its project. He is more than confident that their newest project Parkwest will exceed in delivering all the expectations of the customers for a comfortable luxury lifestyle.

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