Shapoorji Palonji Real Estate Launches Luxury Project in Gurugram
Shapoorji Palonji Real Estate (SPRE) has recently launched a new luxury residential project named ‘The Dolis’ in Gurugram. This exciting development, announced on Thursday, comes in collaboration with Creeva and ASK Property Fund, and aims to tap into the growing demand for housing in major cities.
Details of the Project
The Dolis will feature a total of 198 units and is part of a joint venture established in October last year with the Kanodia Group. The residential project spans 1.75 acres in Sector-46 of Gurugram. SPRE estimates that the project will generate a remarkable business of over Rs 1,400 crore over the next five years.
The project consists of two impressive towers, each standing at approximately 150 meters tall, offering apartments ranging from 2,850 to 3,600 square feet.
Statement from the CEO
Sriram Mahadevan, the CEO of Shapoorji Palonji Real Estate, expressed his enthusiasm for entering this promising market. He emphasized that The Dolis connects location, scale, and quality, making it a significant investment in the luxury housing sector of Gurugram. Mahadevan also noted that this venture is supported by partners who share a commitment to creating value and timely delivery.
With this launch, SPRE aims to strengthen its presence in the competitive real estate market while catering to the growing demand for upscale living spaces.
Real Estate Project Overview
| Details | Information |
|---|---|
| Company | Shapoorji Palonji Real Estate (SPRE) |
| Project Name | The Dolis |
| Location | Sector-46, Gurugram |
| Sales Capacity | Rs 1,400 crore |
| Number of Units | 198 apartments |
| Project Size | 1.75 acres |
| Height of Towers | 150 meters |
| Flat Size Range | 2,850 to 3,600 square feet |
| Expected Business | More than Rs 1,400 crore in the next five years |
| Partnership | Creeva and ASK Property Fund |
CEO Statement
Sriram Mahadevan, CEO of SPRE, emphasized the long-term investment in luxury housing in Gurugram, supported by partners who align with their value creation approach.
