Shriram Properties Limited (SPL), a prominent mid-market and mid-premium residential real estate developer, has announced a significant expansion of its presence in Pune's real estate market. The company has entered into a Joint Development Agreement (JDA) for a premium residential project in Hinjewadi, Pune, marking its second venture in the city.

Project Details

The new development in Hinjewadi will feature:

Strategic Expansion

This move underscores Shriram Properties' commitment to geographical diversification and capital-efficient growth through asset-light development models. The company's strategy aligns with its focus on expanding its footprint across high-growth micro-markets while maintaining its leadership in South India's mid-market housing segment.

Project Highlights

• Location: Situated in the highly sought-after Hinjewadi area, known as Pune's largest IT and business district
• Design: High-rise mixed-use development featuring a Sky Clubhouse with panoramic city views
• Amenities: Exclusive leisure facilities and social spaces

Market Potential

Hinjewadi has emerged as one of Pune's most preferred residential destinations due to:

• Robust employment ecosystem
• Excellent connectivity
• Strong social infrastructure
• Proximity to Hinjewadi IT Park and Mumbai-Pune Expressway
• Sustained housing demand supported by steady rental yields

Company's Perspective

Akshay Murali, Vice President – Business Development at Shriram Properties, commented on the development: "Pune continues to offer strong demand fundamentals driven by its thriving IT and industrial ecosystem. The signing of our second project marks an important step in our expansion strategy and reflects our confidence in the city's long-term potential."

This latest addition to Shriram Properties' portfolio demonstrates the company's confidence in Pune's real estate market and its commitment to delivering value-driven, high-quality homes in key residential markets across India.

Shriram Properties Limited (SPL), a prominent mid-market and mid-premium residential real estate developer, has announced a significant expansion of its portfolio in North Bengaluru. The company has signed a Joint Development Agreement (JDA) for approximately 7 acres of land in Yelahanka, which is part of a larger 15-acre land parcel.

Project Highlights

Strategic Location

The project's location is one of its key selling points:

• Adjacent to the upcoming Madappanahalli Biodiversity Park (nicknamed 'Mini Lalbagh')
• The biodiversity park spans 154 acres
• Transforms eucalyptus plantations into a diverse ecological space

Project Features

SPL aims to develop a premium residential project that will:

• Blend modern architecture with sustainable design principles
• Offer an exclusive row-house living experience
• Provide residents with a unique green vantage point

Company Strategy

This development aligns with Shriram Properties' broader business approach:

• Adheres to the company's asset-light growth strategy
• Focuses on partnerships and efficient capital deployment
• Targets high-potential locations in growing urban areas

Market Impact

The project is poised to make a significant impact on the North Bengaluru real estate market:

• Addresses the growing residential demand in the area
• Capitalizes on Yelahanka's strong infrastructure growth
• Expected to redefine the residential landscape in North Bengaluru

Management Commentary

Akshay Murali, Vice President – Business Development at Shriram Properties, commented on the development: "At SPL, we believe great homes should offer both comfort and connection— with people, place, and nature. Our upcoming Yelahanka project embodies this philosophy, combining elegant design, modern amenities, and green surroundings to create a truly enriching living experience for today's discerning homebuyers."

This strategic move by Shriram Properties demonstrates the company's commitment to expanding its presence in key markets while focusing on premium, nature-integrated residential projects. As the real estate sector continues to evolve, such developments that blend urban living with ecological considerations are likely to attract significant interest from homebuyers and investors alike.