Shriram Properties launches residential project in Bengaluru

About the project

Shriram Properties has launched its latest RERA-approved residential project under the ‘Codename Ultimate’ near Electronic City, Bengaluru. The project is being developed under the joint development model, with an aggregate saleable area of around 5.0 lakh square feet. This 400+ unit Balinese-themed project, characterized by its tranquil and harmonious ambience, prioritizes open spaces, encompassing over 70% of the total area.

The development offers a selection of spacious two-bedroom and three-bedroom apartments, meticulously designed to reflect the essence of Balinese architecture and lifestyle. Situated just a few minutes away from Electronic City, the project is designed to seamlessly integrate contemporary living with natural landscaping.

This strategic location offers easy access to the nearest upcoming metro station, quality healthcare facilities, and the city center. Moreover, being situated close to premier schools, colleges, and hospitals, it is an ideal choice for professionals seeking a well-rounded lifestyle.

The project’s centerpiece is its expansive 14,000 square foot clubhouse, designed to accommodate a variety of recreational and wellness activities. Boasting over 40 world-class modern amenities, the clubhouse caters to residents of all ages, providing a diverse range of options for leisure and well-being.

Shriram Properties has strong familiarity to this micro market, as the company has already completed and delivered over 2,700 units across 3 projects (Shriram Summit, Shriram Signiaa and Shriram Smirithi) in this neighborhood during the last 3-5 years. The company is in the process of handing over another around 650 units in Shriram Liberty Square, completed recently. Apart from delivering quality homes with modern amenities, these Shriram projects have also yielded significant value appreciation for its customers over the years.

Company profile

Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.

Stock price movement

Today, the stock opened at Rs 108.15 and has touched a high and low of Rs 109.50 and Rs 94.65 respectively. The BSE group ‘B’ stock of face value Rs 10 has a 52-week high and low of Rs 140.95 and Rs 53.25, respectively. Last one week high and low of the scrip stood at Rs 120.50 and Rs 94.65 respectively. The current market cap of the company is Rs 1,647.90 crore.

The promoters holding in the company stood at 27.99%, while Institutions and Non-Institutions held 10.27% and 61.72% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.