Realty firm Shriram Properties Ltd has tied up with a landowner to develop a housing project in Bengaluru with an expected revenue potential of over Rs 600 crore.In a regulatory filing on Monday, the company informed that it has signed a Joint Development Agreement (JDA) for 9.1 acres of land parcel at Doddagubbi, North-East Bengaluru. The company, however, did not disclose the name of the landowner.It plans to develop a housing project, comprising 6.7 lakh sq ft area, with an estimated revenue potential of over Rs 600 crore. The project is expected to be launched during the current financial year.Shriram Properties Ltd is one of India's leading real estate developers. Its key markets include Bengaluru, Chennai, Pune and West Bengal.The company has delivered more than 50 projects with over 31.5 million sq ft area. It has a pipeline of 41 projects with an aggregate development potential of 35.2 million sq ft, including 16.6 million sq ft of ongoing projects.
Shriram Properties expects Rs 600 cr revenue from upcoming JV project in Bengaluru
Shriram Properties Ltd is developing a new housing project in Bengaluru. The company has signed an agreement for a 9.1-acre land parcel. This project is expected to generate over Rs 600 crore in revenue. The development will span 6.7 lakh sq ft. Shriram Properties plans to launch the project this financial year.
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