Shriram Properties Limited (SPL), a leading developer focused on the mid-market and mid-premium housing segments, has signed a Joint Development Agreement (JDA) for a premium residential project in Hinjewadi, Pune, with an estimated development potential of ~0.7 million sq. ft. and a gross development value (GDV) of about INR700 crore.
This marks SPL’s second project in Pune, following its successful debut in Undri earlier this year, where over 55% of units were sold within six months of launch. The new project, a high-rise mixed-use development, will feature approximately 6.5 lakh sq. ft. of premium residences alongside retail and commercial spaces, offering a total saleable area exceeding 7 lakh sq. ft.
Strategically located in Pune’s largest IT and business district, the project aims to redefine vertical living with contemporary architecture, integrated design, and leisure amenities, including a Sky Clubhouse with panoramic city views.
Akshay Murali, Vice President – Business Development, Shriram Properties, said, “Pune’s strong demand fundamentals make it a key market for us. This signing reinforces our confidence in its long-term potential and aligns with our strategy of capital-efficient growth through partnerships.”
