Shapoorji Pallonji Real Estate's presence in Nagpur is built around SP Infocity, an IT/ITES SEZ campus developed inside the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN). The project is developed by Shapoorji Pallonji Real Estate and forms part of the MIHAN SEZ, offering a combination of infrastructure, connectivity, and financial incentives. The developer's own project page describes it as a world-class IT SEZ with 100% power backup, VRV systems, flat slab RCC construction, and a 46,000 sq. ft. floor plate, located in Mihan SEZ with uninterrupted coal-based power supply.
On the ground, the campus's Building A1 is a standalone building with a total built-up area of approximately 2,53,452 sq. ft., structured as Ground plus 5 floors, with a possession status of operational. The premises include a food court, ATMs, a fully equipped clubhouse, a day care center, retail outlets and a full service hospital, and the building is well connected to markets and restaurants with excellent road connectivity to prime parts of the city. Occupancy at the building has included named IT and BPM firms: it is currently occupied by Infosys, Neeyamo Enterprise Solutions and InfoCepts Technologies.
SP Infocity is not a single asset — it is a brand the group has replicated across several industrial and IT corridors. The first SP Infocity project came up in Pune, 160 kilometers from Mumbai, opening in 2003 on 80 acres with high-grade office space and a classic campus feel. That Pune campus has since scaled up considerably: spread over 200 acres, it is an IT mega-hub serving over 15,000 people and 35-plus companies, including Fortune 500 companies. Shapoorji Pallonji went on to open similar SP Infocity developments at Manesar (Gurgaon), Mohali and Nagpur, with further parks planned for Kolkata, Mysore and Durgapur. Nagpur's SP Infocity was thus conceived from the outset as one node in this multi-city commercial network, alongside the group's campuses in Pune and Manesar, rather than as an isolated Nagpur project.
Group-wide, Shapoorji Pallonji frames SP Infocity as a testament to its commercial-development capability: the group has developed over 13 million sq. ft. of residential and 6 million sq. ft. of commercial properties to date, with SP Infocity standing as a multi-city tech park that is testimony to that capability. A separate group disclosure puts the cumulative SP Infocity footprint at 155 acres of SP Infocity, IT & SEZ parks developed across India.
Shapoorji Pallonji's real estate arm sits inside a much older construction and engineering group. The parent group has been delivering projects for over 150 years, operating in six major business areas with 13 group companies, three divisions and a workforce of over 60,000 people from more than 40 nationalities. Within real estate specifically, Shapoorji Pallonji has been a driving force in India's real estate sector since the 1970s.
In August 2024, the group consolidated its property holdings under a single platform. The Mumbai-headquartered conglomerate formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its real estate holdings across key cities. At the time of that consolidation, projects totalling 22 million square feet were under development, primarily across five major cities — Mumbai, Pune, Bengaluru, Gurugram, and Kolkata — while the company also held large land parcels in Mysuru and Nagpur. Shapoorji Pallonji Real Estate caters to both affordable and luxury housing, and has around Rs 6,500 crore of debt. The group's other current flagship developments illustrate the same range: SP Residency in Pune and Parkwest in Bengaluru are ongoing luxury residential projects, while the Joyville brand, launched in 2016, delivers affordable homes across multiple locations nationwide.
MIHAN is the reason a commercial campus of this scale exists on this side of Nagpur at all. The project includes the expansion of Dr. Babasaheb Ambedkar International Airport and the development of India's largest multi-product Special Economic Zone, with an estimated investment of ₹2,581 crore anticipated to generate more than ₹5,000 crore in revenue by 2035. The MIHAN SEZ spans over 2,000 hectares and is designed to host IT parks, a dedicated Health City offering medical services and training institutions, manufacturing units in pharmaceuticals, textiles and food processing, and residential areas to support the growing workforce. Land here also carries fiscal incentives: the SEZ offers tax benefits, duty-free imports, and simplified procedures to attract domestic and foreign investment.
The tenant base validates the location. Operational campuses of TCS, Infosys, Tech Mahindra and HCL now employ thousands of tech professionals, while the Dassault Reliance Aerospace Park and the Air India MRO facility have turned Nagpur into a major aviation hub. The broader impact on the city's property market has been documented since the project's early phases: the project has spurred a real estate boom in Nagpur, with property prices increasing 25 to 40 percent.
Access to the campus is anchored by multiple infrastructure layers rather than a single road. The south-east corridor — running from Wardha Road and Besa toward MIHAN and along the Samruddhi Mahamarg — has been one of Nagpur's more active property zones, where the employment anchor of the SEZ, the airport, and the expressway overlap. Connectivity is the multiplier here: the hub is reinforced by the city's metro, by national highways, and by the Samruddhi Mahamarg, the expressway that has sharply cut travel time toward Mumbai. A metro extension is also on the horizon: Nagpur Metro Phase 3 is planned to directly connect MIHAN to the city center, with a station planned at the SEZ gate and expected completion around 2027.
SP Infocity Nagpur should be read as an occupier-driven commercial asset rather than a speculative residential play — its value proposition rests on the tenants it houses and the SEZ ecosystem around it. MIHAN functions as a structural, long-life asset for the city: an airport, an SEZ and a multi-modal hub do not relocate, and combined with the Samruddhi Mahamarg and metro connectivity, the south-east corridor has the ingredients to keep outperforming the Nagpur city average on land appreciation over a multi-year horizon. At the same time, the corridor is still building out its civic layer: hiring at the hub has historically been gradual, new supply on the corridor can soften short-term prices, and the area is still emerging, so social infrastructure lags the population. For a buyer or occupier evaluating Shapoorji Pallonji Real Estate's Nagpur campus, that combination — an established, income-generating IT/ITES SEZ asset inside one of India's largest multi-product SEZs, backed by a developer with a 150-year construction lineage and a real estate arm now consolidating for scale — is the core of the proposition.
