Pune, India – Shriram Properties has announced the signing of a Joint Development Agreement (JDA) for a prime 6-acre land parcel in Pune, marking a significant step in the company’s expansion strategy. The mixed-use development is projected to generate revenues of approximately ₹750 crore, reflecting the growing demand for integrated living and commercial spaces in the region.
This ambitious project aims to combine residential, retail, and office spaces, catering to the diverse needs of the Pune market. With its strategic location, the development is expected to attract both local residents and businesses, providing a vibrant community hub that fosters work-life balance.
“We are excited about this opportunity to contribute to Pune’s urban landscape,” said a spokesperson for Shriram Properties. “This project not only aligns with our vision of sustainable development but also addresses the increasing demand for quality housing and commercial spaces in the city.”
Pune, known for its educational institutions and IT hubs, has become a hotspot for real estate development. The JDA is a testament to Shriram Properties’ commitment to delivering innovative and sustainable projects that enhance urban living.
The company plans to initiate the development process promptly, with the aim of delivering the project within the next few years. This initiative reinforces Shriram Properties’ position as a key player in the Indian real estate sector, poised for growth in a thriving market.
