Shriram Properties Sets Ambitious Targets: Tripling Revenues and Doubling Sales Volume
Shriram Properties Ltd aims to triple revenues and double sales volume over the next three years, focusing on medium housing segments.
Shriram PropertiesReal EstateHousing SegmentsMedium HousingMidmarketMidmarket PremiumReal Estate MumbaiAug 31, 2024
The company has recently rolled out a new brand identity, SPLNxT, which aims to transform the perception of Shriram Properties Ltd and elevate its brand image. This move comes at a time when the company is celebrating its silver jubilee year, having completed over 42 projects across key cities. With another 42 new projects in the pipeline, Shriram Properties is poised for significant growth.
In the last financial year, the company turned profitable, reporting a profit of Rs 75 crore. Going forward, Shriram Properties will focus on scaling up its annual sales from 4.5 million square feet in FY24 to 8-9 million square feet by 2027. The company is also set to foray into the Pune real estate market this year.
Currently, Shriram Properties has a presence in Chennai, Bengaluru, Kolkata, Visakhapatnam, and Coimbatore. The company will be committing investments of Rs 2,000 crore for its upcoming projects, which will take its overall project inventory to 62 million sq ft from the current 42 million sq ft.
Shriram Properties has had a strong presence in the Chennai market for over two decades, completing six projects with more than 7 million sq ft of development in the last 10 years. The company is also exploring opportunities in projects for senior retirement homes.
With its new brand identity and ambitious targets, Shriram Properties is set to make a significant impact in the real estate industry.
About Shriram Properties Ltd
Shriram Properties Ltd is the real estate division of the Shriram Group, a diversified conglomerate with a presence in various industries. The company has a strong presence in the real estate market, with a focus on medium housing segments.
About Shriram Group
The Shriram Group is a diversified conglomerate with a presence in various industries, including real estate, finance, and transportation. The group has a strong presence in India, with a focus on providing innovative solutions to its customers.
A Shriram Properties will be committing investments of Rs 2,000 crore for its upcoming projects, which will take its overall project inventory to 62 million sq ft from the current 42 million sq ft.
Frequently Asked Questions
What are Shriram Properties' ambitious targets?
Shriram Properties aims to triple its revenues and double its sales volume over the next three years.
What is Shriram Properties' focus in terms of housing segments?
Shriram Properties will predominantly focus on medium housing segments, both mid-market and mid-market premium.
What is the company's new brand identity?
Shriram Properties has rolled out a new brand identity, SPLNxT, which aims to transform the perception of the company and elevate its brand image.
Where does Shriram Properties have a presence in India?
Shriram Properties has a presence in Chennai, Bengaluru, Kolkata, Visakhapatnam, Coimbatore, and will soon foray into the Pune real estate market.
What is the company's investment plan for its upcoming projects?
Shriram Properties will be committing investments of Rs 2,000 crore for its upcoming projects, which will take its overall project inventory to 62 million sq ft from the current 42 million sq ft.
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