Shriram Properties Limited (SPL), one of India’s leading real estate developers focused on the mid-market and mid-premium housing segments, has announced the signing of a Joint Development Agreement (JDA) for a premium residential project in Hinjewadi, Pune. The development covers approximately 0.7 million square feet with a gross development value (GDV) potential of around ₹700 crore.
This marks SPL’s second project in Pune, following its successful debut in Undri in May 2025, where the company sold over 55% of the available inventory within 6 months of launch. The new Hinjewadi project reinforces SPL’s strategic vision to expand in India’s western real estate market through asset-light models and partnership-driven growth.
The mixed-use high-rise development will include 6.5 lakh square feet of premium apartments, complemented by thoughtfully designed retail and commercial spaces, aggregating to a total saleable area of over 7 lakh square feet. Strategically located in Pune’s IT and business hub, the project aims to set new benchmarks for modern vertical living.
The Hinjewadi project will feature a Sky Clubhouse offering panoramic city views, modern leisure amenities, and social zones to enhance community living. With integrated design and contemporary architecture, it is envisioned as a landmark in Pune’s rapidly developing residential corridor. Hinjewadi, known for its proximity to the Hinjewadi IT Park and the Mumbai–Pune Expressway, continues to attract strong demand from homebuyers and investors alike.
This project further underscores SPL’s commitment to capital-efficient growth and diversification across high-potential urban markets.
Read More: Shriram Properties Signs Landmark JDA in Yelahanka, Bengaluru for ₹600 Crore Premium Row Housing Project!
Mr. Akshay Murali, Vice President – Business Development at Shriram Properties, stated that Pune offers strong demand fundamentals driven by its robust IT and industrial ecosystem. He added that the signing of this second project demonstrates SPL’s confidence in Pune’s long-term growth and aligns with the company’s broader strategy of expanding through strategic partnerships and delivering value-driven homes.
Shriram Properties is a prominent residential real estate developer with a focus on mid-market and mid-premium housing. Its primary markets include Bengaluru, Chennai, Pune, and Kolkata. As of September 30, 2025, the company had delivered 48 projects with a total saleable area of 28.3 million square feet and maintains a development pipeline of 39 projects with a combined potential of 36 million square feet, including 19 million square feet of ongoing projects.
On October 30, 2025, Shriram Properties share price opened at ₹93.55 on NSE, above the previous close of ₹93.34. During the day, it surged to ₹95.25 and dipped to ₹92.09. The stock is trading at ₹94.44 as of 12:13 PM. The stock registered a moderate gain of 1.18%.
Over the past week, it has moved up by 7.26%, over the past month, it has moved up by 7.86%, and over the past 3 months, it has moved up by 1.49%.
The new Hinjewadi JDA marks a significant milestone in Shriram Properties’ growth journey, expanding its presence in Pune and reinforcing its commitment to innovation, design excellence, and value-driven housing. With a GDV potential of ₹700 crore, the project reflects SPL’s strategic intent to strengthen its foothold in India’s western real estate markets.
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Published on: Oct 30, 2025, 2:13 PM IST
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