Shriram Properties expands footprint in Pune

Shriram Properties Ltd, has signed a Joint Development Agreement ("JDA") for development of a ~0.7 million square feet ("msf") premium residential project in the highly sought-after micro markets of Hinjewadi, Pune.

The Company is now embarking on the second project in Hinjewadi, Pune in the form of a high-rise mixeduse development that redefines urban living and lifestyle experiences, The project comprises 6.5 lakh sqft of premium apartments complemented by thoughtfully designed retail and commercial spaces,
aggregating to a total saleable area of over 7 lakh sqft. The project has GDV potential of Rs. 700 crores.

At 12.31 pm, Shriram Properties Ltd was trading at Rs. 94.12, up by 1.04%, with a volume of 0.40 lakh shares on the BSE.