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Shapoorji Pallonji to invest Rs 4,000 crore for real estate project in Pune

This premium mixed-use development by Shapoorji Pallonji will be executed in phases and will have more than 6000 apartments on completion

Real estate firm Shapoorji Pallonji Real Estate has announced the launch of a new real estate project near Bavdhan, West Pune, to be developed with an estimated investment of around Rs 4,000 crore.

The project named ‘VANAHA’ is spread across 148 acres of land. It will be a mixed-use development and will be a part of one of the largest townships in India, the company said.

This premium mixed-use development will be executed in phases and will have more than 6000 apartments on completion. In the first phase, over 600 apartments with various unit configurations consisting of 1, 2 and 3 BHK have been launched. The residences are available between the price range of Rs 39 lakh to Rs 89 lakh.

The project will have over 90 acres of open space.