NEW DELHI: Shriram Properties (SPL) has signed a joint development agreement (JDA) for development of a 0.7 million sq ft residential project in Hinjewadi, Pune.
Akshay Murali, vice president (Business Development) of the company said, “Pune continues to offer strong demand fundamentals driven by its thriving IT and industrial ecosystem. We are excited to strengthen our presence in Pune.”
The project comprises 6.5 lakh sq ft of apartments, retail and commercial spaces, aggregating to a total saleable area of over seven lakh sq ft. The project has a gross development value (GDV) potential of ₹700 crore.
This is the company’s second project in the city.
