Latest News | Shapoorji Pallonji Real Estate Eyes Rs 400 Cr Sales from New Housing Tower in Bengaluru

New Delhi, Jul 14 (PTI) Shapoorji Pallonji Real Estate is targeting sales of Rs 400 crore from its new residential tower in Bengaluru.

The company has launched a tower named 'CEDAR', comprising 225 apartments, in its 46-acre residential project Parkwest in Bengaluru, Shapoorji Pallonji Real Estate said in a statement.

Also Read | ITR Filing for FY 2021-22 (AY 2022-23): Know Last Date to File Income Tax Return for Individuals, HUF, Firms And Penalty If You Miss Deadline.

The value of sales from these 225 units in the tower is estimated at Rs 400 crore, it added.

The price of each unit starts from Rs 1.62 crore.

Also Read | 5 Leading Online NEET Coaching Institutes Providing Quality Learning and Mentorship.

The company has launched about 2,371 apartments. Of these, more than 700 units have been handed over to the homebuyers.

Commenting on the launch, company CEO Venkatesh Gopalakrishnan said: “Considering the overwhelming response from homebuyers, we are launching tower CEDAR at Parkwest 2.0. We believe this is the right time to bring the best products to the Central Bengaluru micro-market."

Sumit Sapru, Business Head, Shapoorji Pallonji Real Estate said the company has witnessed a steady demand for spacious luxury homes in the Bengaluru market.

The company is a part of the Shapoorji Pallonji Group – an enormous multi-business conglomerate.

Shapoorji Pallonji Real Estate has presence in Mumbai, Pune, Bengaluru, Gurugram and Kolkata. The company is developing six projects in phases.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)