Joyville Gurgaon Sector 102

The company has deployed close to Rs 1,000 crore and the balance of Rs 240 crore will also be deployed in Pune, where it is in advance talks for an acquisition. Funds from this platform are used only for land acquisition and construction, and have been backed up by either construction finance, which it has raised, or by the customer advances the company receives.Realty platform Joyville Shapoorji Housing will invest Rs 700 crore in land acquisition even as its promoters explore options for the next round of funds, its managing director, Sriram Mahadevan, told ET.

In NCR, the platform is looking at Gurgaon and Noida to expand and is open to opportunistic places like Faridabad, or the outskirts of Delhi.