Tag: Shriram Properties

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South Indian Developers Boost Presence in Mumbai Housing Market

Representative AI image Mumbai’s property market is experiencing renewed competition as major real estate developers from South India focus on the country’s largest market, drawn by ongoing housing demand and lucrative redevelopment prospects. The current entrants are utilizing a more measured approach than previous out-of-market attempts, emphasizing redevelopment projects, joint development agreements, and partnerships with local landowners, thereby establishing a capital-efficient pathway into India’s priciest property sector. Developers like Prestige Group, Puravankara, Shriram Properties, Sobha, Casagrand, and RMZ are either entering or preparing to enter the Mumbai market through various redevelopment initiatives and land acquisitions, looking to expand beyond their…

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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 aims ₹3,750-4,000 crore pre-sales by FY27; Pune set to surpass Chennai

NEW DELHI: Shriram Properties aims for pre-sales between ₹3,750 and ₹4,000 crore in FY27. This strategy includes new launches across Bengaluru, Chennai, Pune, and Kolkata, as the developer seeks to solidify its hold in current markets before expanding further. For FY26, the internal pre-sales target was set at ₹2,750 crore, and the company anticipates support for growth from delayed launches from the previous year. The company is intensifying its focus in Pune, adding around three million sq ft of new projects since its initial launch in the city. Murali Malayappan, Chairman & Managing Director, along with Gopalakrishnan J, Executive Director…

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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 Settles Kolkata Land Issues with WB Gov.

NEW DELHI: Shriram Properties (SPL), via its subsidiary Bengal Shriram Hitech City (BSHCPL), has successfully resolved a long-standing commercial dispute with the West Bengal government. The agreement includes the transfer of 42.37 acres of land in Uttarpara, West Bengal. “With the execution and conveyance of the land, BSHCPL is fully discharged of its obligations in this matter,” stated the company. The land parcel in Kolkata covers 314 acres, with 48 acres currently utilized for ongoing projects totaling approximately five million sq ft of development. SPL aims to initiate new projects over the next five years, encompassing five to six million…

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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 Q2 FY26 Net Profit at ₹8.57 Crore

NEW DELHI: Shriram Properties (SPL) has announced a net consolidated profit after tax of ₹8.57 crore for the quarter ending September 30, 2025, compared to a loss of ₹79 lakh in the same quarter last year, as per their BSE filing. The company’s total consolidated income was ₹229.01 crore in Q2 FY26, marking a 47.65% increase from ₹155.10 crore during the corresponding quarter last year. Gopalakrishnan J, the executive director & CEO, stated, “Q2 has shown encouraging operational performance, with robust sequential and year-on-year growth. Although financial performance was slightly muted, we anticipate a significant rebound in H2 FY26 as…

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Shriram Properties Partners on Five-Acre Project in South Bengaluru

NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement (JDA) for a five-acre land parcel located on Bannerghatta Road in South Bengaluru. According to Akshay Murali, Vice President (Business Development) at the firm, “Bannerghatta Road offers excellent connectivity, a vibrant social ecosystem, and tranquil green surroundings, making it perfect for discerning homebuyers who desire both exclusivity and convenience.” The company aims to create a villa community with an estimated gross development value (GDV) of over ₹350 crore. The project is anticipated to launch in FY26. Published On Nov 3, 2025 at 02:00 PM IST Join a community…