Shriram Properties Ltd Share Price – NSE  /  BSE

Realty, Small Cap

Shriram Properties announced acquisition of a prime 4 acre land parcel nestled in the coveted micro market of Chandapura, close to Electronic City in Bengaluru.

This investment is in line with SPL's vision of developing exceptional residential communities in promising micro markets with the objective of redefining living experiences. SPL envisions crafting a landmark residential project on this land parcel, encompassing around 4 lakh square feet of aggregate saleable area, comprising approximately 350 meticulously designed apartments. This Project has revenue potential of over Rs 250 crore and is expected to be developed over the next 3 years. The Company is targeting to launch the project during the current financial year (FY25).

Powered by Capital Market - Live News

Shriram Properties has received an excellent response for its recently launched project “Codename Ultimate” near Electronic City, Bengaluru.

In its opening weekend, the Company sold nearly 70% of its project inventory in “Codename Ultimate”, supported by excellent customer response to the compelling value proposition. This 400+ unit Balinese-themed project with an aggregate saleable area of ~5.0 lakh sqft is characterized by its tranquil and harmonious ambience that prioritizes open spaces.

Shriram Properties has a strong familiarity with this micro market, as the Company has already completed and delivered over 2,700 units across 3 projects (Shriram Summit, Shriram Signiaa and Shriram Smirithi) in this neighbourhood during the last 3-5 years. The Company is in the process of handing over another ~ 650 units in Shriram Liberty Square, completed recently and is targeting to hand-over another ~500 units in Phase-1 of Shriram 107 South East in the coming quarters. Apart from delivering quality homes with modern amenities, Shriram projects have also yielded significant value appreciation for its customers over the years.

Powered by Capital Market - Live News

Shriram Properties announced the launch of its latest RERA-approved residential project under the “Codename Ultimate” near Electronic City, Bengaluru.

The project is being developed under the joint development model, with an aggregate saleable area of around 5.0 lakh square feet. This 400+ unit Balinese-themed project, characterized by its tranquil and harmonious ambience, prioritizes open spaces, encompassing over 70% of the total area.

Powered by Capital Market - Live News

Net profit of Shriram Properties declined 17.35% to Rs 18.48 crore in the quarter ended December 2023 as against Rs 22.36 crore during the previous quarter ended December 2022. Sales rose 25.81% to Rs 221.21 crore in the quarter ended December 2023 as against Rs 175.83 crore during the previous quarter ended December 2022.

Powered by Capital Market - Live News