Tag: M Murali

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Bengaluru’s Next Decade: Infrastructure Drives Growth, Says CMD

BENGALURU: The next phase of real estate growth in Bengaluru will be fueled by infrastructure advancements, population increases, and its status as a significant employment hub, according to Murali Malayappan, chairman and managing director of Shriram Properties. Speaking at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, Malayappan noted that the city continues to draw migration and demand for housing driven by employment. “Bengaluru is poised for substantial growth. I don’t perceive any threats from employment issues or major challenges for the real estate sector,” he stated. He pointed out that Bengaluru has experienced one of the swiftest urban growth…

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Shriram Properties to Co-Develop 9.1 Acres in Bengaluru

Representative AI image NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement (JDA) for a 9.1-acre land parcel in Doddagubbi, North-East Bengaluru. The site offers a development potential of about 6.7 lakh sq ft, with an estimated gross development value (GDV) exceeding ₹600 crore. The project is slated for launch within this financial year. Akshay Murali, Vice President – Business Development at the company, stated, “North-East Bengaluru is rapidly becoming one of the most promising residential growth areas in the city, bolstered by significant infrastructure enhancements, improved connectivity, and consistent end-user demand.” Published On Jun 15, 2026…

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Shriram Properties’ Net Profit Rises 30.41% to ₹100.81 Crore

NEW DELHI: Shriram Properties Limited (SPL) has announced a 30.41% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹100.81 crore, up from ₹77.30 crore in FY25, as per a BSE filing. The company’s total consolidated income for FY26 was ₹1,356.93 crore, representing a 39.40% increase from ₹973.38 crore in FY25. For Q4 FY26, SPL’s total consolidated income rose by 55.02% to ₹662.73 crore, compared to ₹427.51 crore in the same quarter last year. The profit after tax for Q4 FY26 increased by 64.77% to ₹78.53 crore, up from ₹47.66 crore in the…

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Shriram Properties Buys 4 Acres in Bengaluru

Representative image NEW DELHI: Shriram Properties (SPL) has successfully acquired a four-acre land parcel on Sarjapur Main Road in South-East Bengaluru through an outright purchase. The company intends to develop a high-rise residential project on this site, which is projected to encompass approximately five lakh square feet of saleable area with an estimated gross development value (GDV) of ₹550-600 crores. The launch of the project is anticipated in the latter part of 2026. Additionally, SPL has recently completed the acquisition of 100% equity shares in Shrivision Upscale Spaces on February 9, 2026, through a cash transaction at ₹10 per share…

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Shriram Properties Acquires Shrivision Upscale Spaces

NEW DELHI: Shriram Properties has announced the acquisition of 100% equity shares of Shrivision Upscale Spaces, as stated in a regulatory filing. This acquisition was finalized on February 9, 2026, for a cash consideration of ₹10 per share (at par). The target company has a paid-up share capital of ₹1 lakh and reported no turnover as of March 31, 2025. The company noted that this acquisition is strategic and intended for business purposes. It clarified that the transaction does not qualify as a related party transaction, emphasizing that no promoter or promoter group entities hold any interest in the acquired…

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Shriram Properties to Develop 6.5 Acres in North Bengaluru

NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement for a 6.5-acre site in North Bengaluru. The company plans to launch a residential project that will encompass approximately 0.6 million sq ft, with an anticipated gross development value (GDV) of ₹500 crore. SPL reported a sales volume of 0.8 million sq ft in Q1 FY26, reflecting a 17% year-on-year increase, equating to ₹441 crore. Additionally, collections reached ₹388 crore, showing a 5% rise compared to the previous year. On the financial side, total revenue stood at ₹262 crore, maintaining a healthy gross margin of 34% and generating…

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Shriram Properties Q1 FY26 Net Profit Jumps 17.93%

NEW DELHI: Shriram Properties has announced a net consolidated profit increase of 17.93% for the quarter ending June 30, 2025. The profit after tax reached ₹20.59 crore in Q1 FY26, compared to ₹17.46 crore in the same quarter last year, according to a filing with the BSE. The company’s net consolidated total income rose to ₹261.54 crore in Q1 FY26, marking a growth of 24.01% from ₹210.90 crore recorded during the equivalent quarter last year. Murali M, chairman and managing director, stated, “Our entry into Pune has been successful, and we are dedicated to further expanding our presence. We are…