Shriram Properties Launches Rs 700 Crore Housing Project in Hinjewadi, Pune
Shriram Properties has signed a Joint Development Agreement (JDA) to develop a 0.7 million square feet premium residential project in Hinjewadi, Pune, marking their second venture in the city.
Shriram PropertiesPuneHinjewadiReal EstateJoint Development AgreementReal Estate PuneOct 30, 2025
This new project will be Shriram Properties' second in Pune, following their successful completion of a 6.5 lakh square feet project. The new development has a Gross Development Value (GDV) potential of around Rs 700 crore, reflecting the company's confidence in the city's real estate market.
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, Shriram Properties also signed a JDA for a 7-acre land in North Bengaluru, where they plan to develop a premium row houses project with an estimated GDV potential of about Rs 600 crore. This further underscores the company's commitment to expanding its presence in key markets across India.
Shriram Properties is one of the leading real estate developers in the country, with a significant presence in Bengaluru, Chennai, Pune, and Kolkata. The company has a robust track record, having delivered 48 projects with a saleable area of 28.3 million square feet. They currently have a strong development pipeline comprising 39 projects with an aggregate development potential of 36 million square feet, including 19 million square feet of ongoing projects.
Pune, known for its robust IT and industrial sectors, has become a preferred destination for real estate developers due to its strong economic fundamentals and growing population. The city's strategic location and well-developed infrastructure make it an attractive market for both residential and commercial projects. Shriram Properties' entry into Hinjewadi is expected to further boost the local real estate market and provide high-quality living options for residents.
The company's focus on premium residential projects aligns with the increasing demand for quality housing in urban areas. With a strong emphasis on sustainable development and customer satisfaction, Shriram Properties aims to set new standards in the real estate industry. The new project in Hinjewadi is expected to be a benchmark for future developments in the region.
Frequently Asked Questions
What is the total investment for the new project in Hinjewadi, Pune?
The total investment for the new housing project in Hinjewadi, Pune, is Rs 700 crore.
What is the size of the new residential project in Hinjewadi?
The new residential project in Hinjewadi, Pune, will cover 0.7 million square feet.
How many projects has Shriram Properties delivered so far?
Shriram Properties has delivered 48 projects with a saleable area of 28.3 million square feet.
What is the Gross Development Value (GDV) potential of the Hinjewadi project?
The Gross Development Value (GDV) potential of the Hinjewadi project is around Rs 700 crore.
What other cities does Shriram Properties have a significant presence in?
Shriram Properties has a significant presence in Bengaluru, Chennai, Pune, and Kolkata.
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