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Shriram Properties Signs JDA for Koyambedu Project Worth ₹350-400 Crore

Synopsis:

Shriram Properties has entered a joint development agreement to develop a premium residential complex in Koyambedu, Chennai. With a saleable area of 3.2 lakh sqft, the project has an estimated revenue potential of ₹350-400 crore. Shriram Properties share price remains a key focus.


Shriram Properties has announced its joint development agreement (JDA) for a premium residential project in Koyambedu, Chennai. The project spans a saleable area of 3.2 lakh square feet and is expected to generate revenue between ₹350-400 crore. The project aligns with the company’s asset-light growth strategy and is set for launch in early FY26.

Also read: Mankind Pharma Sells Mahananda to Chalet Hotels for Rs 530 Crore

SHRIRAM PROPERTIES LTD

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80.64-3.50 (-4.15 %)

Updated - 11 February 2025
85.84day high
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Key Takeaways

  • Shriram Properties signed a JDA for a premium residential complex in Koyambedu, Chennai.

  • The project will cover a total saleable area of 3.2 lakh square feet.

  • The estimated revenue potential is between ₹350-400 crore.

  • The development is planned over the next three years.

  • The project is expected to launch in early FY26.

  • The location offers excellent connectivity with metro and railway stations nearby.

  • Shriram Properties share price remains in focus as the company strengthens its project pipeline.

Also read: Lupin Gets U.S. FDA Approval for Ipratropium Bromide Nasal Spray

Strategic Location and Growth Potential

The Koyambedu project is strategically positioned in one of Chennai’s key micro-markets. The area boasts strong infrastructure, including metro connectivity, railway stations, and essential urban amenities. Shriram Properties aims to enhance its presence in Chennai’s real estate sector with this high-value development.

Project Overview

Feature

Details

Location

Koyambedu, Chennai

Development Type

Premium residential complex

Saleable Area

3.2 lakh sqft

Revenue Potential

₹350-400 crore

Development Timeline

3 years

Expected Launch

Early FY26

Financial Implications and Market Outlook

The development of this project is expected to contribute significantly to Shriram Properties' revenue stream over the next few years. By adopting an asset-light strategy, the company aims to maximise growth without significant capital investment. Investors are closely monitoring Shriram Properties share price in anticipation of this major project’s impact.

Shriram Properties' latest joint development agreement reinforces its commitment to growth and strategic expansion in Chennai’s real estate market. With a strong project pipeline and an expected launch in FY26, the company is well-positioned to leverage the increasing demand for premium residential spaces. The Shriram Properties share price will continue to be a key indicator of investor confidence in the company’s future prospects.

Also read: RVNL Wins South Western Railway Project Worth ₹335.4 Crore

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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