The company plans to develop a premium high-rise residential project on the site

The Company plans to develop an exclusive villament community with an estimated GDV potential of over Rs 350 crore

The company has signed a JDA for development of around 0.7 million square feet (msf) premium residential project

The company is set to develop a premium row houses project with an estimated GDV potential of around Rs 600 crore

The development is envisioned as an iconic addition to the city’s skyline

With seamless access to key Bengaluru-Chennai Expressway and the proposed Hosur Airport, it offers an unmatched connectivity

The company plans to develop a premium residential complex with row houses / villas on this project land over the next three years

SPL envisions developing an iconic residential project in this prime micro-market of Koyambedu, Chennai

The land parcel is strategically located on the GST Road

The transaction is expected to be completed on or before January 31, 2025.

The project has aggregate revenue potential of approximate Rs 700 crore – Rs 750 crore

The apartments are well-ventilated and vastu-compliant, promoting a balanced and harmonious living experience

The project is being developed under the joint development model, with an aggregate saleable area of around 5.0 lakh square feet

The shares were disposed of at an average price of Rs 113.40 apiece

The Project acquisition formalities were completed and is being launched as ‘Shriram 122 West’ shortly

The company had spent Rs 500 crore in the last financial year on construction works

The company achieved an all-time high sales bookings of Rs 1,846 crore last fiscal

The Project, named ‘Divine City’, is an approved residential development with aggregate saleable area of 3.2 msf

The new subsidiary companies will be utilised to launch new projects or to have new JDA

SPL acquired the Project from IIFL Group entities through SPL Housing Projects, a wholly owned subsidiary of the Company

Consequently, Suvilas Realities has become a tier 2 subsidiary of the Company

Total consolidated income of the company increased by 192.72% to Rs 2231.33 crore for Q2FY23

The company has achieved a 52% rise in sales volume at 1.01 million square feet in the second quarter of FY23

Shriram and ASK will co-invest in plotted and residential developments projects in Bengaluru, Chennai, and Hyderabad

Total consolidated income of the company reported 2-fold jump at Rs 145.11 crore for Q1FY23

The company has achieved sales volumes of 0.66 msf in Q1FY23, up 20% year-on-year as compared to sales volumes of 0.55 msf in Q1FY22

The company is entering into agreement for development of residential plots admeasuring 0.47 Mn sft at Malur Bagalur road in Bangalore