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HomeMarket NewsShriram Properties expands Pune footprint with ₹700 crore Hinjewadi residential project
This is Shriram Properties' second project in Pune. It first forayed into the market with its project in Undri in May 2025, where it sold over 55% of the available inventories within six months of its launch.
Shriram Properties Ltd. on Thursday, October 30, said it has inked a joint development agreement for the development of a 0.7 million square feet premium residential project in the micro markets of Hinjewadi, Pune.
This is the company's second project in the city. It first forayed into the Pune markets with its project in Undri in May 2025, where it sold over 55% of the available inventories within six months of its launch, it said.
Shriram Properties Hinjewadi project will comprise a high-rise mixed-use development. It will comprise 6.5 lakh square feet of premium apartments, complemented by thoughtfully-designed retail and commercial spaces, aggregating to a total saleable area of more than 7 lakh square feet, the company said. It has a gross development value of ₹700 crore.
It will feature a Sky Clubhouse, which will offer panaromic views of the city, leisure amenities and social spaces.
"The latest addition aligns with Shriram Properties' broader growth strategy to scale up its presence across key residential markets through partnerships and development alliances, while maintaining its focus on delivering value-driven, high-quality homes," Akshay Murali, vice-president - business development at Shriram Properties, said.
Shriram Properties shares were up 0.8% at ₹94.1 apiece around 12.20 pm on Thursday. The stock has declined 12.9% this year, so far.
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