Shriram Properties Signs JDA for 0.7 MSF development with ₹700 Cr GDV Potential in Hinjewadi

Bengaluru / Pune, October 30, 2025: Shriram Properties Limited 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.

This marks SPL’s second project in Pune, underscoring its strategic intent to deepen its presence and establish a strong foothold in one of India’s most vibrant real estate hubs. The Company forayed into the Pune markets with its maiden project at Undri in May’25 that met with an encouraging response by selling over 55 per cent of available inventories within six months of launch already.

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

Strategically located in a high-demand residential corridor, the product is designed to set new benchmarks in vertical living. The development will feature a Sky Clubhouse offering panoramic views of the city, exclusive leisure amenities, and social spaces that elevate the residents’ experience. With its strategic location, integrated design, and contemporary architecture, the project is envisioned as a landmark destination within Hinjewadi. The addition of this new project reinforces SPL’s commitment to geographical diversification and capital-efficient growth through asset-light development models.

Hinjewadi, known as Pune’s largest IT and business district, has emerged as one of the city’s most preferred residential destinations, driven by its robust employment ecosystem, excellent connectivity, and strong social infrastructure. The micro-market continues to attract both end-users and investors, with sustained housing demand supported by steady rental yields and proximity to the Hinjewadi IT Park, the Mumbai-Pune Expressway, and key educational and healthcare institutions.

With this project, Shriram Properties is further strengthening its portfolio in the western region, building on the encouraging response to its maiden project in Pune. The company remains focused on expanding its footprint across high-growth micro-markets of Pune while maintaining its leadership in South India’s mid-market housing segment.

Commenting on the development, Akshay Murali, Vice President – Business Development at Shriram Properties said, “Pune continues to offer strong demand fundamentals driven by its thriving IT and industrial ecosystem. The signing of our second project marks an important step in our expansion strategy and reflects our confidence in the city’s long-term potential. We are excited to strengthen our presence in Pune. This 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.”