Shapoorji Pallonji’s Mid-income housing brand – Joyville comes to Pune with its first project near Hinjewadi

Pune, May 24, 2018: The Shapoorji Pallonji Group, one of India’s most trusted and oldest real estate brands has announced today the launch of its easy to own homes under the brand – Joyville in Pune with its first project near Hinjewadi (phase 1). This is the third project under Joyville brand following Kolkata and Virar, respectively.

Joyville – Hinjewadi spread over 8 acres of land would be home to over 1000 families. The development offers different unit configurations namely 1 RHK to 2 RHK units. The project boasts of 75 % open space with more than 25 playful activities which would lend itself very well to lots of fun and fulfilling experience for one and all residents. Apart from the spacious residences in a gated community, the project will have cutting edge amenities like clubhouse, swimming pool, gym, jogging and cycling tracks, sports-facilities for kids, recreation areas, parks, open spaces, party lawn to just name a few.

Moreover, the eligible customers can also avail the PMAY benefit up to of Rs. 2.67 lacs under the CLSS scheme.

Speaking at the launch, Sriram Mahadevan (Executive Vice President & Business Head – Joyville at Shapoorji Pallonji Real Estate) said, “We are excited to launch our first project in Pune near Hinjewadi phase 1 which houses one of the biggest IT hubs of India. Pune is one of our focus cities from Joyville perspective and this project addition fits well within our overall strategy of expanding our presence in the country’s middle-income housing market. The mid-income segment is the sweet spot of India’s real estate market today with lots of demands being witnessed in this space. The emerging middle class of today aspires for a wholesome living and we are happy to play an active role in their quest to own a home they desire. Keeping the customer at the center of our offering we have designed the project to meet the aspiration of the homebuyers, mainly millennials, who like to stay closer to their work place.”

The project is located near Hinjewadi Phase 1, the most prime location within Hinjewadi IT Park micro location with excellent connectivity to the Mumbai-Pune Expressway apart from proximity to various social infrastructure like railway station, schools, malls, hospitals etc. The ongoing / future infrastructure projects like bridge over Mula river connecting Baner and Balewadi, 110 meters wide ring road adjacent to the project and upcoming Metro connecting Hinjewadi to Shivaji Nagar would ensure seamless mobility solutions to the residents of Joyville going forward.

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Joyville – Hinjawadi residents would be proud of their development being IGBC Gold Pre-certified green home. Some of the key aspects of being a green development around 40% of the total site area will be covered with greens which involve native and drought tolerant species of plants to enhance the beauty and bio-diversity of the project. Solar PV cells and solar water heaters will be installed on the site to cater to almost 72% of the total hot water requirement which will reduce energy consumption for the residents leading to lower power bills. Eco-friendly Building materials having recycled content will be used during construction. Paints which will be used in the project shall be low VOC and Health friendly paints.