Shriram Properties launches new projects

Priced in the range of Rs 9 lakh to Rs 30 lakh, the houses will have amenities like swimming pools, jogging tracks, multipurpose community hall, children’s play area, shopping complexes, club houses and proximity to transportation hubs. In addition to this, the company also tied up with a school chain, which will provide educational opportunities to the residents.  Shriram Properties Managing Director M Murali said “in India, there is a huge need for affordable housing and we are privileged to have all the approvals in place and to commence construction.”

The Bangalore project ‘Shriram Surabhi’ and ‘Shriram Smrithi’ are being developed off Kanakpura Road and Athibele Sarjapur Road respectively. ‘Shriram Sankari’ is coming up in Chennai. In Vizag, it is coming up in Madurawada, and in Kolkata, in Uttarpara. The project, which involves an investment of Rs 850 crore, is being funded largely by private equity and will be completed within next 24 to 30 months. 

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