Shriram Properties Launches ₹400 Crore Luxury Housing Project in Koyambedu, Chennai
Shriram Properties is expanding its footprint in Chennai with a new ₹400 crore luxury housing project in Koyambedu, a high-demand micro-market with excellent connectivity.
ChennaiShriram PropertiesLuxury HousingReal EstateKoyambeduReal Estate NewsFeb 11, 2025
This upscale micro-market is known for its robust infrastructure, including a metro station, railway station, and other essential amenities.
The project, which will span 3.2 lakh square feet of saleable area, is expected to be completed within three years and is set to launch in the early part of FY26.
Koyambedu is a well-connected area, making it a sought-after residential micro-market.
The presence of essential infrastructure facilities, such as the metro and railway stations, adds to its appeal.
This new luxury housing project will further solidify Shriram Properties’ position as a leading real estate developer in Chennai.
Shriram Properties aims to create a landmark residential community in Koyambedu, aligning with the company’s asset-light philosophy.
This strategy allows the company to scale its operations without compromising financial flexibility and maintaining a strong growth trajectory.
Murali Malayappan, Chairman & Managing Director of Shriram Properties, emphasized the strategic importance of Chennai as a mature market for legacy brands.
He stated, 'Chennai is a well-established market, and this project will enable us to expand our presence by delivering top-quality homes and ensuring customer satisfaction.'
Shriram Properties has a strong track record in the real estate sector and is committed to providing high-quality, sustainable living solutions.
The company’s focus on customer-centric approaches and innovative design principles will be evident in this new project, which is expected to attract a discerning buyer base.
The project is not only a significant investment but also a testament to the company’s commitment to Chennai’s real estate landscape.
With a revenue potential of ₹350-400 crore, it is poised to be a key driver of growth for Shriram Properties in the coming years.
Frequently Asked Questions
What is the scale of the new luxury housing project by Shriram Properties in Koyambedu?
The new luxury housing project by Shriram Properties in Koyambedu will cover 3.2 lakh square feet of saleable area.
When is the new Shriram Properties project in Koyambedu expected to be completed?
The project is expected to be completed within three years and is set to launch in the early part of FY26.
What is the expected revenue potential of the Koyambedu project?
The project has a revenue potential of ₹350-400 crore.
Why is Koyambedu considered a high-demand residential micro-market?
Koyambedu is considered a high-demand residential micro-market due to its excellent connectivity, including a metro station, railway station, and other basic infrastructure facilities.
What is Shriram Properties' asset-light philosophy?
Shriram Properties' asset-light philosophy allows the company to grow in scale without diluting financial flexibility and maintaining a strong growth trajectory.
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