Pune: Residential real estate developer Shriram Properties Limited (SPL) has announced the signing of a Joint Development Agreement (JDA) for a premium project in Hinjewadi, Pune.
The development spans approximately 0.7 million square feet and carries a gross development value (GDV) potential of around ₹700 crore, marking a significant milestone in Shriram Properties’ strategic expansion in western India.
Shriram Properties Strengthens Pune Footprint with Second Residential Project
This new project marks Shriram Properties’ second foray into the Pune real estate market, following the success of its debut project at Undri in May 2025.
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The company sold over 55% of the available inventory within just six months of the Undri project’s launch, underscoring the strong market demand for its mid-premium offerings.
The Hinjewadi development will feature a high-rise, mixed-use design spread across 6.5 lakh sq. ft. of residential space, complemented by retail and commercial areas aggregating to a total saleable area exceeding 7 lakh sq. ft. The project aims to redefine vertical living in one of Pune’s most dynamic real estate corridors.
Hinjewadi Project Set to Redefine Urban Living in Pune
Strategically located in Pune’s bustling IT and business district, the new Shriram Properties project is designed to offer residents a premium lifestyle experience. It includes a Sky Clubhouse with panoramic city views, leisure and recreational amenities, and thoughtfully designed social spaces.
The development’s proximity to the Hinjewadi IT Park, Mumbai-Pune Expressway, and major educational and healthcare institutions enhances its attractiveness among end-users and investors alike.
The micro-market’s robust employment base and consistent rental yields continue to make it one of Pune’s most sought-after residential zones.
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Driving Growth Through Asset-Light Models
With this expansion, Shriram Properties continues to reinforce its commitment to geographical diversification and capital-efficient growth through asset-light development partnerships.
The company remains focused on scaling up its presence across high-growth markets while maintaining its leadership position in South India’s mid-market housing segment.
Akshay Murali, Vice President – Business Development, Shriram Properties, said, “Pune continues to offer strong demand fundamentals driven by its thriving IT and industrial ecosystem. The signing of our second project marks an important step in our expansion strategy and reflects our confidence in the city’s long-term potential.
This latest addition aligns with Shriram Properties’ broader strategy to scale up across key residential markets through partnerships and development alliances, while maintaining focus on delivering high-quality, value-driven homes.”
