Shriram Properties’ wholly owned subsidiary -- Shriprop Builders has acquired 100% of the Equity shares of Suvilas Realities, a real estate company at Bangalore. Consequently, Suvilas Realities has become a tier 2 subsidiary of the Company. Suvilas Realities is developing a project called Suvilas Palms, a high rise residential apartment project at Jalahalli, Bangalore with development potential of approximately 660 residential units in 6.29 acres of land.
Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.
