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An update from Shriram Properties Ltd. ( (IN:SHRIRAMPPS) ) is now available.
Shriram Properties Limited has announced a significant expansion in Pune by signing a Joint Development Agreement for a premium residential project in Hinjewadi, marking its second venture in the city. This development, with a potential Gross Development Value of approximately ₹700 crores, will feature high-rise mixed-use spaces, including premium apartments and commercial areas, enhancing urban living experiences. The project underscores Shriram’s strategic intent to deepen its footprint in Pune, leveraging the area’s robust employment ecosystem and strong demand for residential spaces. The move aligns with the company’s commitment to geographical diversification and asset-light growth, further solidifying its market position in India’s vibrant real estate sector.
More about Shriram Properties Ltd.
Shriram Properties Limited is a leading residential real estate developer focused on the mid-market and mid-premium segments. The company operates primarily in South India, with a strategic emphasis on expanding its presence in high-growth micro-markets across the region.
Average Trading Volume: 72,652
Technical Sentiment Signal: Buy
Current Market Cap: 15.9B INR
Find detailed analytics on SHRIRAMPPS stock on TipRanks’ Stock Analysis page.