Shapoorji Pallonji Real Estate: Company Profile, Owner, Office Address
Shapoorji Pallonji Real Estate (SPRE) is one of India’s established real estate developers and forms part of the Shapoorji Pallonji Group, a diversified business group with a history stretching back to 1865. The real estate business develops residential communities, luxury housing, integrated developments and commercial properties across major Indian cities.
The company has a notable presence in Mumbai, Thane, Pune, Bengaluru, Kolkata and Gurugram. Its current portfolio ranges from large townships and family-oriented housing to premium developments in high-value urban markets.
Shapoorji Pallonji Real Estate benefits from the group’s long-standing engineering and construction expertise. The wider Shapoorji Pallonji organisation operates across engineering and construction, infrastructure, real estate, water, energy and financial services and has operations extending across more than 40 countries.
Shapoorji Pallonji Real Estate: Quick Overview
| Particular | Details |
| Brand Name | Shapoorji Pallonji Real Estate |
| Abbreviation | SPRE |
| Parent Group | Shapoorji Pallonji Group |
| Group Established | 1865 |
| Promoter/Controlling Family | Mistry family |
| Group Chairman | Shapoor Mistry |
| Managing Director, SP Real Estate | Venkatesh Gopalakrishnan |
| Business | Real estate development |
| Major Markets | Mumbai, Thane, Pune, Bengaluru, Kolkata and Gurugram |
| Property Segments | Residential, luxury housing, townships and commercial real estate |
| Corporate Office | SP Centre, 41/44, Minoo Desai Marg, Colaba, Mumbai – 400005 |
| Telephone | +91 22 67490000 |
| info@shapoorjirealestate.com |
The corporate office and contact details are provided on Shapoorji Pallonji Real Estate’s official website.
About Shapoorji Pallonji Real Estate
Shapoorji Pallonji Real Estate is the property development business within the larger Shapoorji Pallonji ecosystem. It uses the group’s construction and engineering background to develop residential and commercial projects in some of India’s largest urban markets.
The wider Shapoorji Pallonji Group dates back to 1865 and has been associated with numerous landmark construction and engineering projects over its history. Its work has included major commercial buildings, institutional structures, hotels and infrastructure projects in India and overseas.
The real estate business today is primarily recognised for residential developments across different price categories. Its projects include premium apartments, luxury residences, large residential communities and township-style developments.
The company’s current website lists residential projects across:
- Mumbai
- Mumbai-Thane region
- Pune
- Bengaluru
- Kolkata
- Gurugram
This multi-city presence distinguishes SPRE from developers that depend heavily on one local property market.
Who Owns Shapoorji Pallonji Real Estate?
Shapoorji Pallonji Real Estate is not owned by a single individual as a standalone developer. It operates as the real estate business of the privately held Shapoorji Pallonji Group.
The group is associated with the Mistry family, while Shapoor Mistry is the current Chairman of the Shapoorji Pallonji Group, according to the group’s official leadership information.
Therefore, the most accurate way to describe the ownership is:
Promoter/controlling family: Mistry family
Group Chairman: Shapoor Mistry
Parent organisation: Shapoorji Pallonji Group
Shapoor Mistry is the son of the late Pallonji Mistry, who previously headed the family-controlled group. The Mistry family has remained closely associated with the ownership and leadership of the Shapoorji Pallonji businesses.
Leadership of Shapoorji Pallonji Real Estate
The real estate business has its own professional management team within the wider group.
The company’s official leadership page currently identifies Venkatesh Gopalakrishnan as Director, Group Promoter’s Office and Managing Director of Shapoorji Pallonji Real Estate. It also lists Sumit Sapru as CEO of Shapoorji Pallonji Real Estate and Sriram Mahadevan as CEO of Shapoorji Pallonji Real Estate and Managing Director of Joyville Shapoorji Housing.
This combination of promoter oversight and professional management reflects the organisational structure of a large diversified real estate business rather than that of an individually owned local developer.
Major Shapoorji Pallonji Real Estate Projects
SPRE has projects across several major Indian property markets. Its 2026 portfolio includes both large residential communities and premium developments.
The Dualis, Gurugram
The Dualis marks Shapoorji Pallonji Real Estate’s presence in Gurugram’s premium residential market. The project forms part of the developer’s expansion in Delhi-NCR and is among the current projects displayed in its national portfolio.
Gurugram has become increasingly important to SPRE as the developer expands beyond its historically strong western and southern Indian markets.
Parkwest 2.0, Bengaluru
Parkwest is one of Shapoorji Pallonji Real Estate’s major Bengaluru developments. The broader Parkwest community is spread across approximately 46.39 acres in central Bengaluru and combines residential towers with extensive landscaped and open areas.
Parkwest 2.0 includes multiple residential towers and represents one of the company’s key projects in the Bengaluru market.
Vanaha, Pune
Vanaha is a large township-style development near Bavdhan in Pune. It offers residential configurations within a large integrated community and incorporates facilities such as landscaped areas, rainwater harvesting and waste-management infrastructure.
Pune is one of SPRE’s important markets, with the company currently marketing several projects and phases across the metropolitan region.
Northern Lights, Thane
Northern Lights is part of Shapoorji Pallonji Real Estate’s residential presence in Thane and appears among the company’s current projects.
Thane’s connection with Mumbai’s employment centres and continuing infrastructure development has made it an important residential market within the Mumbai Metropolitan Region.
The Odyssey, Mumbai
The Odyssey is one of SPRE’s current Mumbai residential developments. Mumbai remains an important premium market for the company, with several new and ongoing projects across different parts of the city.
BKC 9 and BKC 28, Mumbai
The company’s portfolio also includes developments such as BKC 9 and BKC 28 in and around Mumbai’s Bandra-Kurla Complex market. BKC 28 is a residential development in Bandra East designed around the connectivity and commercial importance of the BKC area.
Shukhobrishti, Kolkata
Shukhobrishti is among the company’s important projects in Kolkata. SPRE continues to maintain a residential presence in the Kolkata market, particularly in developing areas such as New Town and surrounding eastern parts of the city.
Joyville Shapoorji Housing
The Shapoorji Pallonji residential ecosystem also includes Joyville Shapoorji Housing, which has developed large housing communities in several markets.
Current projects shown by the group include:
- Joyville Sensorium, Pune
- Joyville Hadapsar Annexe, Pune
- Joyville Celestia, Pune
- Joyville Western Heights, near Santragachi
- Shapoorji Pallonji One Estate, near Santragachi
Joyville has enabled the group to participate in larger community-oriented housing developments alongside SPRE’s premium and luxury offerings.
Shapoorji Pallonji Real Estate Office Address
The official corporate office of Shapoorji Pallonji Real Estate is:
Shapoorji Pallonji Real Estate
SP Centre, 41/44, Minoo Desai Marg
Colaba, Mumbai – 400005
Maharashtra, India
Telephone: +91 22 67490000
Fax: +91 22 66338176
Email: info@shapoorjirealestate.com
The Shapoorji Pallonji Group’s official contact directory also identifies the same SP Centre address as the location of Shapoorji Pallonji and Company Private Limited – Real Estate Division.
Shapoorji Pallonji Real Estate and Shapoorji Pallonji Group: What Is the Difference?
The two names are related but should not be treated as interchangeable.
Shapoorji Pallonji Group is the larger diversified business organisation. Its operations include:
- Engineering and construction
- Infrastructure
- Real estate
- Energy
- Water
- Financial services
Shapoorji Pallonji Real Estate, or SPRE, is the group’s real estate development business focused on developing and marketing property projects.
The distinction is important because many landmark structures associated with the Shapoorji Pallonji name were constructed through the group’s engineering and construction businesses rather than being real estate developments owned or marketed by SPRE.
Shapoorji Pallonji Real Estate’s Position in the Indian Market
SPRE’s biggest advantage is the wider group’s long history in construction and engineering.
Its portfolio is geographically diversified across several major residential markets rather than concentrated solely in Mumbai. The company currently markets developments in Mumbai, Thane, Pune, Bengaluru, Kolkata and Gurugram.
The business also spans different types of housing, ranging from large integrated developments to premium urban residences.
Its current certifications include ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018, covering areas related to quality management, environmental management and occupational health and safety.
For homebuyers, however, the strength of the overall brand should still be considered alongside project-specific factors such as RERA registration, legal approvals, possession schedule, price, location and construction progress.
Conclusion
Shapoorji Pallonji Real Estate is the property development business of the Shapoorji Pallonji Group, one of India’s long-established engineering and construction organisations. The group is controlled by the Mistry family and is currently chaired by Shapoor Mistry.
SPRE has built a multi-city portfolio covering Mumbai, Thane, Pune, Bengaluru, Kolkata and Gurugram, with projects ranging from large residential communities to premium and luxury developments. Its corporate office is located at SP Centre, 41/44, Minoo Desai Marg, Colaba, Mumbai – 400005.
The company’s combination of a 160-plus-year group legacy, engineering capabilities and presence across India’s major property markets makes Shapoorji Pallonji Real Estate one of the country’s better-known organised real estate brands.
