Shriram Properties Expands Pune Real Estate Market with ₹700 Crore Joint Development
Shriram Properties Limited (SPL) has announced a significant expansion in Pune's real estate market with a ₹700 crore Joint Development Agreement for a premium residential project in Hinjewadi. This marks the company's second venture in the city, aligning with its strategy for geographical diversification and capital-efficient growth.
Shriram PropertiesPune Real EstateJoint Development AgreementHinjewadiReal Estate MarketReal Estate PuneOct 30, 2025
The new development in Hinjewadi will feature a total area of approximately 0.7 million square feet, including 6.5 lakh sq ft of premium apartments and additional retail and commercial spaces. With a total saleable area of over 7 lakh sq ft, the project has an estimated Gross Development Value (GDV) of ₹700 crore.
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.
The project is situated in the highly sought-after Hinjewadi area, known as Pune's largest IT and business district. The high-rise mixed-use development will feature a Sky Clubhouse with panoramic city views and exclusive leisure facilities and social spaces.
Hinjewadi has emerged as one of Pune's most preferred residential destinations due to its robust employment ecosystem, excellent connectivity, strong social infrastructure, and proximity to Hinjewadi IT Park and the Mumbai-Pune Expressway. The sustained housing demand is supported by steady rental yields, making it an attractive location for residential projects.
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.
Frequently Asked Questions
What is the total area of the new development in Hinjewadi?
The total area of the new development in Hinjewadi is approximately 0.7 million square feet, including 6.5 lakh sq ft of premium apartments and additional retail and commercial spaces.
What is the estimated Gross Development Value (GDV) of the project?
The estimated Gross Development Value (GDV) of the project is ₹700 crore.
What are the key features of the high-rise mixed-use development?
The high-rise mixed-use development will feature a Sky Clubhouse with panoramic city views and exclusive leisure facilities and social spaces.
Why is Hinjewadi a preferred residential destination in Pune?
Hinjewadi is a preferred residential destination in Pune due to its robust employment ecosystem, excellent connectivity, strong social infrastructure, and proximity to Hinjewadi IT Park and the Mumbai-Pune Expressway.
What is Shriram Properties' expansion strategy?
Shriram Properties' expansion strategy is focused on geographical diversification and capital-efficient growth through asset-light development models, targeting high-potential locations in growing urban areas.
Related News Articles
Unlocking Mumbai's Real Estate Potential: MHADA Auctions Plots Worth Rs. 192.26 Crore
A step towards making India a real estate powerhouse, MHADA's auctions set a new benchmark
315Work Avenue Expands its Footprint in Pune, Reaching 1 Lakh Square Feet of Office Space at ITPP
315Work Avenue, a leading coworking space provider, has leased an additional 56,000 sq ft of office space at International Tech Park Pune (ITPP), taking its total space to 1 lakh sq ft. Get more real estate news and business news here.
Agricultural Land: A Smart Investment Option Beyond Traditional Real Estate
Ensure the property is dispute-free and explore the benefits of investing in agricultural land, including potential tax benefits and opportunities for tourism and farming.
Texas Housing Market Cools Down: A Sign of Things to Come?
After a pandemic-fueled frenzy, the Texas housing market is showing signs of slowing down. Cities like Austin are experiencing a drop in home prices, and residents are growing increasingly frustrated.
Delhi's Luxury Real Estate Market Soars with Sunder Nagar Bungalow Selling for INR 96 Crore
Luxury home sales in Delhi-NCR, particularly those priced above INR 4 crore, have surged by 38% in 2024, according to CBRE. The recent sale of a Sunder Nagar bungalow for INR 96 crore underscores the growing demand for premium properties in the region.
Revaa Homes Unveils Tailored Real Estate Solutions for Navi Mumbai Buyers
Navi Mumbai’s real estate market is booming, but navigating it can be a daunting task. Revaa Homes has stepped in to simplify the process with curated solutions designed specifically for buyers in the region.