Shriram Properties Expands Portfolio with New Luxury Project in Chennai.

Shriram Properties Limited (SPL) has signed a Joint Development Agreement (JDA) to develop a premium residential project in Koyambedu, Chennai, a key micro-market in the city.

The project will span 3.2 lakh sq ft of saleable area and is expected to generate ₹350-400 crore in revenue over the next three years. SPL aims to launch the project in early FY26, according to an official release.

Murali Malayappan, Chairman & Managing Director of SPL, said the investment aligns with the company’s asset-light strategy to drive growth.

“Chennai presents a promising market with immense potential for established brands like Shriram. Koyambedu is a prime location, and we are excited to launch this project next financial year, delivering high-quality homes and utmost customer satisfaction,” he stated.

This expansion strengthens SPL’s project pipeline and growth momentum, reinforcing its position as a key mid-market and mid-premium residential developer in South India.

HBL