Shriram Properties (SPL) has signed a Joint Development Agreement (JDA) to develop a prime land at Koyambedu - a prominent micro market in Chennai's urban renaissance, offering strategic advantages and economic vibrancy. The company is embarking on developing a premium residential complex with an aggregate saleable area of 3.2 lakh sqft, to be developed over the next 3 years. The project is expected to have aggregate revenue potential of around Rs 350-Rs 400 crore and is being targeted for launch during early FY26.
SPL envisions developing an iconic residential project in this prime micro-market of Koyambedu, Chennai. Strategically located, the project offers excellent connectivity, with a Metro station, railway station, and essential infrastructure facilities in proximity. This project acquisition is integral part of SPL’s pursuit of accelerated growth, whilst remaining asset light. The project will further fortify its strong project pipeline and support growth momentum going forward.
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.
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| DLF | 608.40 |
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