Shapoorji Pallonji Group builds a house for $6 bn realty assets; plans to take new holding co public in two years

Shapoorji Pallonji Group has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its real estate holdings across key cities. The company aims to unlock value, streamline operations, and monetize its portfolio of land parcels spread over 2,000 acres across key property markets. The assets are estimated to be worth around $6 billion. The holding company covers 45 land parcels and projects, with a total development potential of around 140 million sq ft.