Shriram Properties Launches Rs 700 Cr Housing Project in Pune
Shriram Properties, a prominent real estate developer, has announced a new premium residential project in Pune, with a gross development value of Rs 700 crore. This marks the company's second major venture in the city, reflecting its confidence in Pune's robust real estate market.
Shriram PropertiesPuneReal EstateHousing ProjectGdvReal Estate PuneOct 30, 2025
The project has a Gross Development Value (GDV) potential of around Rs 700 crore. Akshay Murali, Vice President - Business Development at Shriram Properties, stated, '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.'
Recently, the company signed a Joint Development Agreement for a 7-acre land in North Bengaluru. The company is set to develop a premium row houses project with an estimated GDV potential of about Rs 600 crore. Shriram Properties, one of the leading real estate developers in the country, has a significant presence in Bengaluru, Chennai, Pune, and Kolkata.
The company has delivered 48 projects with a saleable area of 28.3 million sq ft. It has a strong development pipeline comprising 39 projects with an aggregate development potential of 36 million sq ft, including 19 million sq ft of ongoing projects. Shriram Properties is committed to delivering high-quality, sustainable, and innovative residential and commercial properties across its key markets.
Pune, known for its strong IT and industrial sectors, is a prime location for real estate development. The city's growing population and economic activities have fueled a steady demand for premium residential projects. Shriram Properties' new project in Hinjewadi is expected to cater to this demand, offering residents a modern and comfortable living experience.
The company's strategic expansion in key cities like Pune and Bengaluru underscores its commitment to meeting the evolving needs of the real estate market. With a focus on quality and sustainability, Shriram Properties aims to continue its growth trajectory and solidify its position as a leading developer in India.
Frequently Asked Questions
What is the total GDV of Shriram Properties' new project in Pune?
The total Gross Development Value (GDV) of Shriram Properties' new project in Pune is around Rs 700 crore.
Where is the new project located in Pune?
The new project is located at Hinjewadi, Pune.
How many projects has Shriram Properties delivered so far?
Shriram Properties has delivered 48 projects with a saleable area of 28.3 million sq ft.
What other cities does Shriram Properties have a presence in?
Shriram Properties has a significant presence in Bengaluru, Chennai, Pune, and Kolkata.
What is the estimated GDV of the project in North Bengaluru?
The estimated GDV of the project in North Bengaluru is around Rs 600 crore.
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