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Shriram Properties
Realty firm Shriram Properties Ltd has partnered with a landowner to develop a Rs 600 crore housing project in Bengaluru. In a regulatory filing on Monday, the company said it has signed a Joint Development Agreement for a 7-acre land in North Bengaluru. "The company is set to develop a premium row houses project with an estimated GDV (Gross Development Value) potential of about Rs 600 crore," it added. Shriram Properties will launch this project in the next financial year. Akshay Murali, Vice President - Business Development at Shriram Properties, said, "Yelahanka's strong infrastructure growth and proximity to the upcoming biodiversity park make it an exceptional location for premium row houses. We are confident this development will redefine the residential landscape in North Bengaluru." Shriram Properties Ltd, one of the leading real estate developers in the country, has a significant presence in Bengaluru, Chennai, Pune and Kolkata. It delivered 48 projects with a saleable a
Realty firm Shriram Properties on Tuesday reported an 18 per cent increase in its consolidated net profit to Rs 20.59 crore for the quarter ended June. Its net profit stood at Rs 17.46 crore in the year-ago period. Total income rose to Rs 261.54 crore in the April-June period of 2025-26 against Rs 210.90 crore in the corresponding period of the preceding year, according to a regulatory filing. Shriram Properties Ltd is one of India's leading real estate developers. Its key markets include Bengaluru, Chennai, Pune and Kolkata. The company has delivered 48 projects with a saleable area of 28.3 million square feet. Shriram Properties has a development pipeline comprising 39 projects with an aggregate development potential of 36 million square feet, including 19 million square feet of ongoing projects, as of June 30, 2025.
Realty firm Shriram Properties has acquired 5 acre land in Bengaluru to develop a housing project with a revenue potential of Rs 250 crore. In a regulatory filing on Wednesday, the company informed that it has acquired a prime 5-acre land parcel at Yelahanka, North Bengaluru. Shriram Properties plans to develop a premium residential complex with row houses/ villas on this project land over the next three years. "With gross development value (GDV) of Rs 200-250 crore, the company is targeting to launch the project during H2-FY26," it said. Gopalakrishnan J, CEO of Shriram Properties said, This strategic investment is well aligned with our objective of strengthening the Shriram brand's footprint in North Bengaluru, a region demonstrating sustained and robust growth potential. Shriram Properties Ltd has delivered 48 projects with a saleable area of 26.5 million square feet, mostly in Bengaluru and Chennai and in recent years at Kolkata. Bengaluru-based company has a strong developme
Realty firm Shriram Properties on Wednesday said it has reported a 30 per cent decline in its net profit to Rs 12.97 crore in the December 2024 quarter. Its net profit stood at Rs 18.48 crore in the October-December period a year ago. Total income also fell to Rs 179.87 crore in the third quarter of this fiscal compared to Rs 240.57 crore in the corresponding period of the preceding year, according to a regulatory filing. Bengaluru-based Shriram Properties is one of the leading real estate firms in the country.
Realty firm Shriram Properties Ltd on Tuesday said it has signed a joint development agreement to develop a mixed use project in Pune with a revenue potential of about Rs 750 crore. The company said in a statement that it has signed a joint development agreement (JDA) for a six-acre prime land, nestled in the upcoming micro markets of Undri in Pune. Shriram Properties will develop over 650 apartments and some retail/commercial spaces with an aggregate saleable area of over 1 million sq ft to be developed over the next four years. "The project has aggregate revenue potential of Rs 700-750 crore. The company is targeting to launch this project during H2, FY25," it said. Shriram Properties has a strong pipeline of 42 projects with 42 million sq ft of saleable area, including 26 ongoing projects with 24.3 million sq ft of saleable area as of June 30, 2024. Shriram Properties Chairman & Managing Director Murali Malayappan said, "This investment is consistent with our asset light ...
Shriram Properties Ltd, the real estate division of the diversified conglomerate Shriram Group, would focus predominantly on medium housing segments as it aims to double sales volume, triple revenues over the next three years, a top official said on Friday. The company has rolled out a new brand identity SPLNxT (referring to Shriram Properties Ltd Next) which aims to transform the perception of Shriram Properties Ltd, elevating brand image, Executive Director and Group CEO Gopalakrishnan said here. The year 2024 also marks the silver jubilee year for the real estate entity and has completed over 42 projects across key cities. It has another 42 new projects in the pipeline, he said. Gopalakrishnan along with Shriram Properties Ltd Chairman and Managing Director Murali M and senior officials were here to announce the company's plans over the next three years. "As an integral part of SPLNxT, we are embarking on a mission that looks to double (sales) volume, triple income and quadruple
Realty firm Shriram Properties Ltd on Wednesday said the company is targeting to triple its revenue to Rs 3,000 crore and double sale bookings to Rs 5,000 crore by 2026-27 financial year as the company embarks on its next phase of growth. The company, which entered its 25th year of operations in 2024-25, unveiled a new brand identity that seeks to transform the perception of Shriram among customers while elevating its brand and reputation towards better customer delight in the future. "We are embarking on a mission with a brand-new identity, as we enter 25th year of our operations. It will allow us to create our own identity and elevate and re-position the trusted Shriram brand among NextGen buyers," Shriram Properties Chairman and Managing Director Murali Malayappan told reporters here. He said the company would leverage technology in construction activities as well as providing various services to customers. "What we achieved in 25 years, we can do it in the next 7-10 years," Mur
Realty firm Shriram Properties on Wednesday reported a 5 per cent increase in its consolidated net profit to Rs 17.46 crore for the quarter ended June on higher income. Its net profit stood at Rs 16.62 crore in the year-ago period. Total income rose to Rs 210.90 crore in the April-June period of this fiscal from Rs 157.17 crore in the corresponding period of the previous year, according to a regulatory filing. The company also appointed Ravindra Kumar Pandey as Chief Financial Officer and elevated Rajesh Yashwant Shirwatkar as Deputy Chief Financial Officer. Shriram Properties reported sales volumes of 0.70 million square feet and sales values of Rs 376 crore during the first quarter of this fiscal year. Commenting on the performance, Murali M, CMD, Shriram Properties said, "Our strong market presence and success of our strategic initiatives give us confidence in maintaining growth and delivering on promises in the years to come." "Our solid project pipeline, a strong execution .
Realty firm Shriram Properties reported a 32 per cent increase in consolidated net profit to Rs 20.18 crore for the March quarter on higher income. Its net profit stood at Rs 15.25 crore in the year-ago period. Total income rose to Rs 358.37 crore in the fourth quarter of the last fiscal from Rs 170.98 crore in the March quarter of FY23, according to a regulatory filing on Wednesday. During the 2023-24 fiscal year, the net profit rose to Rs 75.43 crore from Rs 65.97 crore in the preceding year. Total income grew to Rs 987.35 crore in the last fiscal from Rs 813.93 crore in the 2022-23 financial year. Murali M, CMD of Bengaluru-based Shriram Properties, said, "Supported by our strong market presence and success of strategic initiatives, we are confident of sustaining growth and profitability in the coming years." "Our robust launch pipeline, strong execution platform coupled with continued focus on cost management and commitment to delivering quality will support towards this end,
Realty firm Shriram Properties Ltd has partnered with a landowner to develop a 4-acre housing project in Bengaluru with an estimated revenue potential of more than Rs 250 crore. In a regulatory filing on Tuesday, the company informed that it has signed a Joint Development Agreement (JDA) for the development of a prime 4-acre land parcel located at Yelahanka in Bengaluru. "The proposed project will comprise of 270 apartments with an aggregate saleable area of 3.8 lakh square feet. The project has aggregate revenue potential of over Rs 250 crore and is expected to be developed over the next 3 years," Shriram Properties said. The company is targeting to launch of this project during the first half of the current financial year. "This investment is in alignment with our goal of increasing our footprint within the city and also highlights our asset light approach to accelerate growth, Murali Malayappan, Chairman and Managing Director of Shriram Properties, said. This project will ...