Shapoorji Pallonji Real Estate's presence in Fursungi, Hadapsar is not a case of a distant developer entering someone else's neighbourhood. The group built the neighbourhood's commercial anchor first. SP Infocity is an IT/ITES SEZ tech park in Pune designed and developed by Shapoorji Pallonji Group, strategically located in Phursungi, spread across 80 acres with office space scalable to about 7 million sq.ft. Its residential project, SP Residency, sits within the same precinct on Survey No. 209 off Pune Saswad Road, near Satyapuram Society, and carries the same address line as the IT park it was planned alongside.
The SEZ campus that gives the locality its economic base is occupied by names that need no introduction to a Pune homebuyer. Tenants recorded at SP Infocity include IBM, Accenture, Amazon's development centre, Amdocs, Honeywell Automation, WNS Global, Konecranes and Vodafone Intelligent Solutions, among others, giving Fursungi a resident white-collar workforce rather than a purely speculative one.
SP Residency is offered in 2 and 3 BHK configurations, with carpet areas ranging from 1,231 sq.ft. to 3,388 sq.ft., depending on the unit type. The current phase of the project is organised as two towers, Tower-1 and Tower-2, with each floor across both towers designed to accommodate six residential units, and the residential component of the development is spread over roughly 6.36 acres of the wider SP Infocity land parcel. Entry pricing for the project has been listed from Rs 59.08 lakh, and per-square-foot averages tracked on data platforms show the project moving from roughly Rs 6,500 a few years ago toward an average of Rs 9.8 K per sq.ft., compared with Rs 7.8 K per sq.ft. for Fursungi overall, indicating the project has been pricing ahead of the immediate micro-market. SP Residency is registered with RERA number P52100015190 with the Maharashtra Real Estate Regulatory Authority, and current listings show the project has received its completion and occupancy approvals, with a possession status of ready to move.
| Attribute | Detail |
|---|---|
| Developer | Shapoorji Pallonji Real Estate |
| Project | SP Residency |
| Location | Khandoba Maal Road / SP Infocity precinct, Fursungi, Hadapsar, Pune 412308 |
| Configurations | 2 & 3 BHK |
| Carpet Area | 1,231 – 3,388 sq.ft. |
| RERA (MahaRERA) | P52100015190 |
| Status | Ready to move (OC received) |
Fursungi's transformation is directly tied to the IT park Shapoorji Pallonji itself put up here. Located on the eastern outskirts of Pune, Phursungi was traditionally a quiet agricultural village whose transformation began with Pune's IT boom in the late 1990s, especially after major IT parks like SP Infocity were established, attracting a diverse workforce and spurring rapid residential and commercial growth. Hadapsar, the larger locality Fursungi sits within, adds its own weight to the address: Hadapsar is known as the industrial suburb of Pune and has seamless inter-city connectivity because of the Pune-Solapur highway that passes through it, and it provides more affordable living options than the other areas of Pune, with convenient access to Pune's best life.
Road access from SP Residency runs through the Pune-Solapur Highway and Hadapsar-Loni Road, and Pune Railway Station is about 12 km away, with Pune International Airport roughly 30 minutes by road. On the IT-park side, SP Infocity itself is about 13.9 km from Pune International Airport and 8.1 km from Hadapsar Railway Station, keeping both the office campus and the homes around it within a similar commuting radius. Social infrastructure has followed the same pattern of clustering: families have Orbis School, Delhi Public School, and DY Patil International School all within 3–5 km, while Ajeenkya DY Patil University and MIT World Peace University are also nearby. For healthcare, Noble, Sahyadri and Ruby Hall Clinic's Wanowrie branch are all within 4–6 km.
Price appreciation in the immediate stretch has been steady rather than speculative: property prices on Khandoba Maal Road, Fursungi increased by 10.5% over the period 2018 to 2025, a pace consistent with an IT-led suburb absorbing steady end-user demand rather than short-term investor churn.
Fursungi and Hadapsar are one node in a considerably larger Pune programme run by Shapoorji Pallonji Real Estate (SPRE), the real estate arm of the Shapoorji Pallonji Group. Group-wide, SPRE currently carries a development potential of over 130 million sq ft, with a presence in Mumbai, Pune, Bengaluru, Gurugram, and Kolkata. Within Pune, the group's other addresses include the Joyville brand in Hadapsar Annexe and Hinjewadi, the villa-format Wildernest project within SP Kingstown, a 200-acre integrated township in Hadapsar Annexe, and Vanaha, a flagship 1,000-acre integrated township near Bavdhan, where a recent 5-acre phase, Vanaha Verdant, was launched with an estimated revenue potential of about Rs 800 crore across roughly 600 apartments. SPRE has also moved into plotted development for the first time in Pune with Treetopia, a 105-acre project with an estimated revenue potential of Rs 600 crore positioned along the Pune Growth Corridor near the upcoming Purandar International Airport.
The parent group's scale predates any of these individual launches by a wide margin. Shapoorji Pallonji has earned clients in over 60 countries, delivering complex and challenging projects for over 150 years, a history that runs from colonial-era Mumbai infrastructure to the IT parks and townships it now builds across Indian cities, including the SP Infocity campus that anchors Fursungi.
