Shriram Properties Launches Rs 700 Crore Housing Project in Pune
Shriram Properties has signed a Joint Development Agreement (JDA) for a Rs 700 crore residential project in Hinjewadi, Pune. This marks the company's second project in the city, highlighting its strong confidence in Pune's real estate market.
Real EstateShriram PropertiesPuneHousing ProjectHinjewadiReal Estate NewsOct 30, 2025
The project will span 0.7 million square feet, comprising 6.5 lakh sq ft of residential area. This will be Shriram Properties' second project in Pune, further solidifying its presence in the city. The gross development value (GDV) of the project is estimated to be around Rs 700 crore.
Akshay Murali, Vice President of Business Development at Shriram Properties, expressed his optimism about the project. “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,” he said.
Shriram Properties has been actively expanding its portfolio across major cities in India. Recently, the company signed a JDA for a 7-acre land in North Bengaluru, where it plans to develop a premium row houses project with an estimated GDV potential of about Rs 600 crore.
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 delivered 48 projects with a saleable area of 28.3 million sq ft. It currently 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.
The company's expansion strategy is driven by its commitment to meeting the growing demand for quality residential properties in key urban centers. With a robust project pipeline and a track record of successful deliveries, Shriram Properties is well-positioned to capitalize on the opportunities in the real estate market.
Pune, known for its strong IT and industrial ecosystem, has been a focal point for real estate developers. The city's robust infrastructure, growing population, and high demand for residential properties make it an attractive market for investments. Shriram Properties' new project in Hinjewadi is expected to meet the needs of the local population and contribute to the city's urban development.
The company's focus on premium residential projects aligns with the increasing demand for high-quality living spaces in Pune. The new project in Hinjewadi is expected to set new benchmarks in the real estate sector, offering residents a blend of comfort, convenience, and modern amenities.
Shriram Properties' commitment to sustainable development and customer satisfaction is evident in its project designs and execution. The company's second project in Pune is a testament to its confidence in the city's growth potential and its ability to deliver high-quality residential solutions.
With the signing of this JDA, Shriram Properties is poised to further strengthen its position in the Pune real estate market. The project is expected to attract a diverse range of buyers, including young professionals, families, and investors looking for premium residential options in a thriving urban center.
For more information about Shriram Properties and its projects, visit their official website or contact their customer support for detailed insights and updates.
Frequently Asked Questions
What is the total investment for the new housing project in Pune?
The total investment for the new housing project in Pune is Rs 700 crore.
Where is the new housing project located in Pune?
The new housing project is located in Hinjewadi, Pune.
What is the total area of the new housing project?
The new housing project will span 0.7 million square feet, with 6.5 lakh sq ft of residential area.
What is the Gross Development Value (GDV) of the project?
The Gross Development Value (GDV) of the project is estimated to be around Rs 700 crore.
What other cities does Shriram Properties have a presence in?
Shriram Properties has a significant presence in Bengaluru, Chennai, Pune, and Kolkata.
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