Shriram Properties Amicably Resolves Kolkata Land Issues, Unlocks Meaningful Value

Shriram Properties Limited has amicably resolved its commercial dispute with the Government of West Bengal, conveying 42.37 acres of land at Uttarpara. This strategic resolution enables the Company to accelerate development and sharpen focus on value unlocking from this large land parcel at Kolkata. The Company plans to pursue new projects involving 5 - 6 msf of development with potential gross development value (GDV) of ~Rs.3,000 crores over the next 5 years. The Uttarpara market remains a strategically important growth corridor for the Company, with a robust development pipeline and significant GDV potential.