Shriram Properties to Invest ₹700 Crore in New Hinjewadi Residential Project, Expands Presence in Pune
Shriram Properties to Invest ₹700 Crore in New Hinjewadi Residential Project, Expands Presence in Pune
Expanding its footprint in one of India’s fastest-growing real estate markets, Shriram Properties Ltd. has announced a new joint development agreement to launch a premium residential project in the vibrant micro market of Hinjewadi, Pune. The development will span approximately 0.7 million square feet, marking the company’s second major project in the city.
Following its successful debut in Pune with a project at Undri in May 2025, where more than 55% of the total inventory was sold within just six months, Shriram Properties is now deepening its presence with this high-value venture. The upcoming Hinjewadi project is designed as a high-rise mixed-use development, featuring around 6.5 lakh square feet of premium residences along with retail and commercial spaces, bringing the total saleable area to over 7 lakh square feet. The project carries a gross development value (GDV) of ₹700 crore, underscoring the company’s confidence in Pune’s robust housing demand.
Among its highlights will be a Sky Clubhouse, envisioned as a social and recreational hub offering panoramic views of the city, leisure amenities, and community spaces designed for modern urban living.
According to Akshay Murali, Vice President – Business Development at Shriram Properties, “This new addition aligns with our broader strategy to expand through partnerships and development alliances while staying committed to delivering value-driven, high-quality homes across key markets.” On the market front, Shriram Properties’ shares were trading 0.8% higher at ₹94.1 apiece around 12:20 p.m. on Thursday, though the stock has declined 12.9% so far this year.
