Shriram Properties Ltd (SPL) to Develop 5.4 msf of Projects Worth Rs 2,800 Crore in FY23-24

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Shriram Properties Ltd (SPL), one of the leading real estate developers in India, has announced its plans to develop 5.4 million square feet (msf) of residential and commercial projects with an estimated sales value of Rs 2,800 crore in FY23-24. This is in line with the company’s vision to become the most preferred and trusted real estate brand in the country.

SPL has a strong presence in the southern and western markets of India, with over 30 projects across Bengaluru, Chennai, Hyderabad, Coimbatore, Kolkata and Pune. The company has delivered over 20 msf of built-up area and has over 54 msf of ongoing and upcoming projects.

The company’s planned projects for FY23-24 include:


  • Shriram Grand City Phase II in Kolkata, a mixed-use development spread over 314 acres with 2.3 msf of residential and 0.5 msf of commercial space.
  • Shriram Codename Dil Chahta Hai Dobara in Bengaluru, a premium residential project with 1.1 msf of saleable area.
  • Shriram Codename Yuva in Chennai, a mid-segment residential project with 0.8 msf of saleable area.
  • Shriram Codename Break Free in Hyderabad, a mid-segment residential project with 0.7 msf of saleable area.
SPL’s Managing Director and CEO, Mr. Murali Malayappan, said, “We are delighted to announce our ambitious plans for FY23-24, which reflect our confidence in the recovery and growth of the real estate sector in India. We have a strong pipeline of projects across our key markets, which cater to the diverse needs and aspirations of our customers. We are committed to delivering quality products and services that offer value for money and enhance the quality of life of our customers.”

SPL is known for its customer-centric approach and innovative offerings that have won several awards and accolades. The company has also been recognized for its corporate social responsibility initiatives that focus on education, health care, environment and community development.

SPL is backed by reputed investors such as TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital. The company recently raised Rs 268 crore through a preferential allotment of shares to its existing investors.

With its strong financial position, robust execution capabilities and customer loyalty, SPL is well poised to achieve its growth targets and create long-term value for its stakeholders.

If you are looking for your dream home or a lucrative investment opportunity in the real estate sector, look no further than Shriram Properties Ltd (SPL). Visit their website or call their toll-free number to know more about their projects and offers.

Keywords: Shriram Properties Ltd (SPL), real estate developer, projects, sales value, FY23-24

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