{"id":4734,"date":"2024-10-30T11:20:33","date_gmt":"2024-10-30T05:50:33","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4734"},"modified":"2024-10-30T11:20:35","modified_gmt":"2024-10-30T05:50:35","slug":"shriram-properties-rises-7-on-rs-750-crore-revenue-potential-from-new-pune-project","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/shriram-properties-rises-7-on-rs-750-crore-revenue-potential-from-new-pune-project\/","title":{"rendered":"Shriram Properties Rises 7% on Rs 750 Crore Revenue Potential from New Pune Project"},"content":{"rendered":"\n

Shares of Shriram Properties surged by 7% on October 30 after the company signed a joint development agreement (JDA) to create a mixed-use project in Pune, projecting potential revenue of around Rs 750 crore. By 09:56 am, the stock was trading at Rs 108.99 on the NSE, rebounding after a recent decline of nearly 15% over the past month.<\/p>\n\n\n\n

The agreement covers six acres of prime land in Undri, Pune, a fast-growing area. Shriram Properties plans to construct over 650 residential units, alongside retail and commercial spaces, resulting in a total saleable area of more than 1 million square feet, expected to be developed over four years.<\/p>\n\n\n\n

The project, with a revenue potential of around Rs 700-750 crore, would be launched in the latter half of FY25. “This is in line with our asset-light growth strategy and also represents a significant market opportunity in Pune which today established brands like Shriram can profitably leverage,” Murali Malayappan, Chairperson & Managing Director of Shriram Properties, said in a regulatory filing.<\/p>\n\n\n\n

As of the June quarter, Shriram Properties maintains a robust development pipeline, with 42 projects representing 42 million sq ft of saleable area. This includes 26 ongoing projects, totaling 24.3 million sq ft of saleable area.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Shriram Properties surged by 7% on October 30 after the company signed a joint development agreement (JDA) to create a mixed-use project in Pune, projecting potential revenue of around Rs 750 crore. By 09:56 am, the stock was trading at Rs 108.99 on the NSE, rebounding after a recent decline of nearly 15% […]<\/p>\n","protected":false},"author":1,"featured_media":4735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[603],"class_list":["post-4734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-shriram-properties"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4734"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4734\/revisions"}],"predecessor-version":[{"id":4736,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4734\/revisions\/4736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4735"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}