Shapoorji Pallonji Real Estate maintains a commercial address inside Quark City SEZ, in Industrial Focal Point Phase 8, Mohali, where the group has developed SP Infocity as part of its pan-India Infocity portfolio. SP Infocity is a newly launched commercial development situated at Quark City Sez Mohali by Shapoorji Pallonji, offering office spaces. The address places the developer inside a zone with a distinct legal and tax status: the Quark City Landmark Plaza is a Special Economic Zone building, which is the first notified and the only functional SEZ in Punjab. For a group built on engineering and construction since the nineteenth century, this is a deliberate choice of ground, not an opportunistic one.
The commercial value of an SP Infocity unit at Quark City is tied directly to the SEZ notification. The commercial project is informed by IT/ITES SEZ that permits customers to profit from personal expense exceptions, GST exclusion and a set-up of other obligation benefits subject to qualification, winning appropriate laws, and government strategies. Occupiers gain floor plates designed for flexible space planning: the venture is planned according to internationally perceived natural productivity principles that decrease working expenses, and it includes effectively planned and spread-out floor plates that can oblige an expansive scope of room necessities. For businesses that consolidate multiple teams under one roof, the improvement in SP Infocity Mohali gives organizations the accommodation of growing under a solitary umbrella.
Shapoorji Pallonji Real Estate is the residential and commercial development arm of a conglomerate whose roots go back further than most Indian developers still standing. Shapoorji Pallonji Real Estate is the residential development arm of the Shapoorji Pallonji Group, a Mumbai-headquartered conglomerate founded as Littlewood Pallonji in 1865. The group's construction record includes some of Mumbai's best-known landmarks — the company is known for building some of Mumbai's landmarks around the Fort area, including the Hong Kong Bank, Grindlays Bank, Standard Chartered Bank and Reserve Bank of India building, Bombay Stock Exchange building and Taj Intercontinental — and its real estate division has scaled to a national footprint: in real estate, Shapoorji Pallonji and Company has developed over 16 million square feet of residential and commercial projects across India. The Mistry family's continued ownership across five generations gives the Mohali address the backing of a private, family-controlled balance sheet rather than a project-specific vehicle.
SP Infocity's position inside Quark City SEZ benefits from Mohali's role as a node in the Chandigarh Tricity. It has a great territorial and public network and is available from 4 unique states — Punjab, Haryana, Himachal Pradesh, and Delhi — and is 15 kms from the forthcoming Chandigarh International Airport and 12 kms from Chandigarh Railway Station. The wider city is described in its own right as a Tricity node: it is closely connected with Chandigarh and forms a part of the Chandigarh Tricity, and Mohali is known for its rapid urban development, educational institutions, and IT industry. Punjab's civic authorities are pushing this connectivity further, with airport expansion and metro planning underway: the expansion of the international airport, the ongoing work on the Mohali metro connectivity plan, and improved road networks are expected to boost property appeal across peripheral sectors.
Quark City SEZ itself was conceived as a multi-use IT and ITES campus rather than a single building. QuarkCity is a development in Mohali, Punjab that includes world-class residential, commercial, retail and hotel projects, and an IT/ITES SEZ, with its first SEZ building, Landmark Plaza, a 14-storey building already operational with MNCs in the IT/ITES sector. That anchor building alone runs to substantial scale — Landmark Plaza is a prime IT & ITES office-space located in Industrial Area sector 74, Mohali, having 8,50,000 sq ft gross leasable area — which sets the benchmark that a Shapoorji Pallonji-built structure inside the same SEZ has to match on efficiency and finish.
Mohali's IT and SEZ corridors have been the fastest-appreciating segment of the local market. Mohali's commercial real estate sector is booming with the expansion of IT City, new business districts, and retail zones, with rental yields touching 8-10% and capital appreciation at 20% annually in 2025. Within the broader city, growth has concentrated around infrastructure-linked micro-markets: property values in Mohali rose between 8% and 11% during 2024, largely on the back of demand in sectors such as 79, 80, and 91, which benefited from proximity to the airport, IT corridors, and the Chandigarh tricity belt. Punjab's government is also expanding the urban envelope around this corridor, with compulsory acquisition of a whopping 11,103 acres across Greater Mohali and New Chandigarh to build seven new townships, seven new sectors, three new pockets of Aerotropolis near the Chandigarh international airport, and a brand-new commercial city centre in Sector 87 Mohali signalling long-term demand for organised commercial stock of the kind SP Infocity represents.
The Mohali address is not an isolated bet by the group. Shapoorji Pallonji operates the SP Infocity brand across multiple SEZ and industrial locations, including Pune's Phursungi belt, Manesar in Haryana, and the MIHAN SEZ in Nagpur, alongside its Quark City presence in Mohali. This repeated format — notified SEZ land, efficient floor plates, single-developer ownership of design and construction — gives the group a template it can apply consistently, and gives a Mohali occupier or investor the comfort of a design and delivery process tested in other Indian SEZs before arriving in Punjab.
For anyone evaluating Shapoorji Pallonji Real Estate's presence in Quark City SEZ, the case rests on three things holding together: the SEZ's tax status, the group's construction pedigree, and Mohali's own infrastructure trajectory. The parent group delivers end-to-end solutions in six business segments, including engineering & construction, infrastructure, real estate, water, energy and financial services, with a dedicated workforce of over 37,000 people in over 40 countries. That vertical integration — the same entity handling structural work, MEP and project finance — is what a Mohali occupier is buying into, on top of the locality's own tax and connectivity advantages.
