Latest News | Shriram Properties Eyes Rs 600 Cr from Chennai Housing Project

New Delhi, Sep 25 (PTI) Realty firm Shriram Properties is expecting a revenue of Rs 550-600 crore from its new housing project in Chennai.

The company has launched a new project in West Chennai with a total saleable area of 1.1 million square feet.

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The project has a revenue potential of around Rs 550-600 crore, the company said in a statement.

Shriram Properties Ltd is one of South India's leading residential real estate developers, primarily focused on the mid-market and mid-premium segments.

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Its key markets include Bengaluru, Chennai and Kolkata, which together account for nearly 85 per cent of its development.

The company has delivered 44 projects with a saleable area of 24.4 million square feet.

It has a strong development pipeline comprising 42 projects with an aggregate development potential of 42.1 million square feet as of June 30, 2024.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)