Shriram Properties Launches ₹700 Crore Mixed-Use Project in Pune
Bengaluru-based real estate developer Shriram Properties Limited (SPL) announced on October 30 that it has entered into a Joint Development Agreement (JDA) to develop a 0.7 million sq ft mixed-use project near Pune. This marks the company’s second project in Pune, following a successful debut in the city’s real estate market with a project in Undri in May 2025.
The project in Undri received a strong response, with over 55% of the available inventory sold within six months of its launch. This success has bolstered SPL’s confidence in the Pune market, leading to the new development in Hinjewadi.
The new project is a high-rise mixed-use development that aims to redefine urban living and lifestyle experiences. It comprises 6.5 lakh sqft of premium apartments, complemented by thoughtfully designed retail and commercial spaces, aggregating to a total saleable area of over 7 lakh sq ft. The project is situated in a high-demand residential corridor and will feature a sky clubhouse offering panoramic city views, leisure amenities, and social spaces.
The addition of this project reinforces SPL’s commitment to geographical diversification and capital-efficient growth through asset-light development models. Akshay Murali, vice president, Business Development at Shriram Properties, said, “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. We are excited to strengthen our presence in Pune. This latest addition aligns with Shriram Properties’ broader growth strategy to scale up its presence across key residential markets through partnerships and development alliances, while maintaining its focus on delivering value-driven, high-quality homes.”
Hinjewadi, the location of the new project, is known as Pune’s largest IT and business district and has emerged as one of the city’s most preferred residential destinations. The micro-market continues to attract both end-users and investors, with sustained housing demand supported by steady rental yields and proximity to the Hinjewadi IT Park, the Mumbai-Pune Expressway, and key educational and healthcare institutions.
With this project, Shriram Properties is further strengthening its portfolio in the western region, building on the encouraging response to its maiden project in Pune. The company remains focused on expanding its footprint across high-growth micro-markets of Pune while maintaining its leadership in South India’s mid-market housing segment.
