Shapoorji Pallonji Real Estate announces BKC 9, a project financed by WSB Fund II 

Mumbai, February 6, 2024: Shapoorji Pallonji Real Estate on Tuesday announced that WSB Real Estate Debt Fund II (WSBREDF II) has invested Rs 55 crore in its project, BKC 9, situated in Bandra East, Mumbai. BKC 9 is a collaborative effort between Shapoorji Pallonji Real Estate (SPRE) and Vakratunda Buildcon Private Ltd. (VBPL).

The WSBREDF-II fund has committed an investment of Rs 55 crore to complete the premium project, BKC 9. Following the Rs 75 crore investment in BKC 28 in 2022, which achieved sales of approximately Rs 200 crore, the collaboration aims to replicate its success in the burgeoning real estate market, mentions a press release issued by the company.

BKC 9 is a residential project set on a 0.41-acre plot, comprising 92 apartments featuring a diverse range of 2BHK and 3BHK typologies, with prices starting at Rs 2.11 crore. 

Commenting on the launch, Nirav Dalal, Business Head and Chief Investment Officer, Shapoorji Pallonji Real Estate, stated, “In the wake of BKC 28’s success, the launch of BKC 9 is a strategic move to meet the escalating demand for high-quality residences. Our collaboration with WSB Partners reinforces our dedication to delivering innovative and top-tier developments that redefine the standards of residential living.”

He further added, “The launch of BKC 9 signifies our continuous effort to provide a contemporary lifestyle in Bandra East, one of Mumbai’s prime locations.”

Vinit Prabhugaonkar, Managing Partner WSB Partners, said, “The launch of BKC 9 marks another significant milestone in our ongoing collaboration with Shapoorji Pallonji Real Estate and Vakratunda Group. We are confident that this partnership will replicate the success of our previous collaboration with them. We trust the group’s ability to develop high-quality residential projects such as BKC 9 and BKC 28.”