Shriram Properties Launches Rs 700 Crores GDV Project in Hinjawadi, Pune

Pune, 30th October 2025: Shriram Properties Limited (SPL), a leading mid-market and mid-premium focused residential real estate developer, has signed a Joint Development Agreement (JDA) for the development of a premium residential project in the highly sought-after micro-market of Hinjawadi, Pune. The project spans approximately 0.7 million square feet (msf) and is designed to redefine urban living and lifestyle experiences.

This marks SPL’s second project in Pune, underscoring its strategic intent to deepen its presence and establish a strong foothold in one of India’s most vibrant real estate hubs. The company first entered the Pune market in May 2025 with its maiden project at Undri, which met with an encouraging response by selling over 55% of available inventories within six months of launch.

The new project in Hinjawadi is a high-rise mixed-use development that includes 6.5 lakh square feet of premium apartments, complemented by thoughtfully designed retail and commercial spaces. The total saleable area exceeds 7 lakh square feet, with a Gross Development Value (GDV) potential of approximately Rs 700 crores.

Strategically located in a high-demand residential corridor, the project is designed to set new benchmarks in vertical living. It will feature a Sky Clubhouse offering panoramic views of the city, exclusive leisure amenities, and social spaces that enhance the residents’ experience. With its strategic location, integrated design, and contemporary architecture, the project is envisioned as a landmark destination within Hinjawadi.

Hinjawadi, known as Pune’s largest IT and business district, has emerged as one of the city’s most preferred residential destinations. This is driven by its robust employment ecosystem, excellent connectivity, and strong social infrastructure. The micro-market continues to attract both end-users and investors, with sustained housing demand supported by steady rental yields and proximity to the Hinjawadi 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.

Commenting on the development, 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.”