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Shapoorji Pallonji Real Estate to invest Rs 4,000 crore on new project in Pune

Shapoorji Pallonji Real Estate, which is the realty arm of business conglomerate Shapoorji Pallonji, has launched a 148-acre project ''VANAHA'' near Bavdhan, West Pune.

No. 10 | Shapoor Pallonji Mistry | Chairman and MD, Shapoorji Pallonji Group | Net worth: Rs 69,400 crore (Image: Reuters)

No. 10 | Shapoor Pallonji Mistry | Chairman and MD, Shapoorji Pallonji Group | Net worth: Rs 69,400 crore (Image: Reuters)

Shapoorji Pallonji Real Estate on Thursday said it will invest around Rs 4,000 crore to develop a large mixed-use project in Pune as part of its expansion plan.

Shapoorji Pallonji Real Estate, which is the realty arm of business conglomerate Shapoorji Pallonji, has launched a 148-acre project ''VANAHA'' near Bavdhan, West Pune.

The project will be a mixed-use development and will be a part of one of the largest townships in India.

"VANAHA will be developed with an estimated investment of around Rs 4,000 crore," the company said in a statement.