Shriram Properties Sets Sight on Pune with Rs 750 Crore Project Deal

Shriram Properties Ltd has signed a joint development agreement for a major project in Pune, aiming to develop 650 apartments and retail spaces on six acres. The project, expected to generate Rs 750 crore in revenue, is part of the company's expansion in promising markets like Pune.

Shriram Properties Ltd announced on Tuesday that it has inked a joint development agreement to embark on a new mixed-use project in Pune, poised to yield Rs 750 crore in revenue.

The agreement covers six acres of prime land located in Pune's burgeoning Undri market, where over 650 apartments and retail spaces will be constructed, totalling over 1 million sq ft in saleable area.

This strategic move aligns with Shriram Properties' asset-light growth approach, as the firm continues to expand its footprint across key markets, emphasizing mid-market and affordable housing sectors, predominantly in Southern India.

(With inputs from agencies.)