Press Release3 May 2024, 05:14 pm
Shriram Properties Acquires 4-Acre Land Parcel near Electronic City, Bengaluru for Rs.250 Crores
AI Summary
Shriram Properties Limited, a leading real estate developer in South India, announced the acquisition of a 4-acre land parcel near Electronic City in Bengaluru. The investment is expected to yield a revenue potential of over 250 crores and will result in the creation of a new residential project with around 4 lakh square feet of saleable area. The project, which is targeted to be launched during the current financial year, is situated in a vibrant area with easy access to tech parks, corporate hubs, prestigious schools, healthcare facilities, and retail experiences.
Key Highlights
- Shriram Properties Limited acquires a 4-acre land parcel in Bengaluru
- The new project promises a revenue potential of over 250 crores
- The project comprises approximately 4 lakh square feet of saleable area and is targeted to be launched during the current financial year
- The prime location offers easy access to tech parks, corporate hubs, schools, healthcare facilities, and retail experiences
- Shriram Properties has a strong pipeline of 47 projects and a track record of delivering quality projects swiftly