secretstalks
Shriram Properties Limited (SPL) has announced a ₹2,000 crore expansion plan to develop 20 million square feet of residential and mixed-use properties across its key markets of Bengaluru, Chennai, and Kolkata, and to enter the Pune market.
“We plan to add 18-20 million square feet across India over the next 18-24 months. The total capital investment required for this expansion will exceed ₹2,000 crore,” said Gopalakrishnan J, Executive Director & Group CEO of SPL, on Friday.
Gopalakrishnan outlined that SPL will allocate over ₹500 crore from its own balance sheet for the expansion, with the remaining funds to be sourced from financial or strategic investors and landowners through Joint Development Agreements (JDAs).
As part of the Shriram Group, SPL is a prominent residential real estate developer focused on the mid-market and mid-premium segments, offering properties typically priced below ₹2 crore. Since its founding in 2000, the company has completed 44 projects with a saleable area of 24.4 million square feet, primarily in Bengaluru and Chennai, and has recently expanded into Kolkata.
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