Shriram Properties Launches ₹700 Crore Mixed-Use Housing Project in Pune's Hinjewadi
Shriram Properties has made a significant move by signing a Joint Development Agreement for a large project in Hinjewadi, Pune. This project, valued at ₹700 crore, will cover approximately 0.7 million sq ft and aims to transform urban living in the area.
Project Highlights
The development features 6.5 lakh sq ft of top-notch apartments. In addition, it includes retail and commercial spaces, bringing the total saleable area to over 7 lakh sq ft. One of the eye-catching aspects is a sky clubhouse offering panoramic views, leisure areas, and social spaces. Buyers will find a perfect blend of luxury and convenience here.
- Location perks: Situated in Pune's leading IT district, close to Hinjewadi IT Park.
- Connectivity: Quick access to the Mumbai-Pune Expressway.
- Nearby amenities: Renowned schools, healthcare centres, and marketplaces attract various residents.
This project marks Shriram Properties' second initiative in Pune. Their first project in Undri sold over 55% of its inventory quickly since its launch in May 2025. Now, they are reinforcing their presence in this booming micro-market.
Why Hinjewadi Thrives
IT hubs and infrastructure upgrade rise the demand in this area. IT professionals flock here for job opportunities, which escalates the need for housing. Investors are also eyeing stable returns. Unlike some other regions, Pune shows resilience in sales, continuing to grow robustly through 2025.
Shriram Properties is looking for smart capital growth through JDAs. They have delivered 48 projects, covering 28.3 million sq ft, with 39 more projects in the pipeline worth 36 million sq ft.
Akshay Murali, VP of Business Development, emphasises that Pune's IT boom drives this expansion. "We're excited to grow here," he mentions. The company blends its South Indian origins with a push into the Western markets.
Market Boost
This ₹700 crore project comes at a time when Pune's real estate market is booming. Competing developers like Kolte Patil are acquiring land as well. Rustomjee is focusing on townships. Hinjewadi remains a prime location for both end-users and investors.
For buyers, this means new options in a desirable area. Developers such as Shriram Properties are committed to delivering quality homes promptly. The narrative of Pune? One filled with growth and opportunity.