Established in 1995, Shriram properties is a Bangalore based reputed real estate development firm having three decades of construction experience. Mr. R Thyagarajan, Mr. AVS Raja and Mr. T Jayaraman are the founders of the company. The primary business of firm involves the development of properties for the residential sector all across the nation and extensively across South India. So far, the company has developed a total built up area of 8.36 million sq. ft. of space.
Shriram Properties is part of the reputed south Indian multi-industry company Shriram Group and was established with a mission of creating splendid homes and amenable living spaces. Started in 1995, we have operations throughout the country with extensive presence across south India. We have over 8.36 million sq. ft. of built-up space delivered, 12.61 million sq. ft. of upcoming project to be delivered and a further 45.85 million sq. ft. under development.
An eminent name in the real estate industry of South India, Shriram Properties was established in the year 2000 with an aim to build quality properties with the highest quality standards and a focus on achieving utmost customer satisfaction. It is a part of the Shriram Group, a prominent business group which has four decades of operating history in India. It is focused on various categories, such as affordable housing, mid-market premium, and luxury housing, commercial and office space as well as plotted development.
Shriram Developers are one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. Shriram Developers are among the five largest residential real estate companies in South India, including specifically in Bengaluru and Chennai, in terms of number of aggregate units launched in the calendar years 2012 to 2017 and the six months ended June 30, 2018. Shriram Developers are also present in the mid-market premium and luxury housing categories, commercial and office space category as well as plotted development category.
Shriram Developers are part of the Shriram Group, which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries. Shriram Developers believe that our relationship with the Shriram Group provides us with strong brand recall and that Shriram Developers benefit, and will continue to benefit, from the trust and confidence that homebuyers, lenders, financial investors, landowners, development partners, contractors and other stakeholders place in the Shriram brand and its operational history.
Shriram Developers commenced operations in Bengaluru in the year 2000 and, have expanded our presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, Shriram Developers also have presence in Kolkata in East India, where Shriram Developers are developing a large mixed-use project. Bengaluru and Chennai are two key markets for us. These cities are two large residential housing markets in India, contributing to approximately 31.24% of the launches and 34.22% of the sold inventory in India’s seven cities (Bengaluru, Mumbai, Delhi, Chennai, Pune, Hyderabad and Kolkata), across calendar years 2016 to 2017 and the six months ended June 30, 2018.
As of November 30, 2018, Shriram Developers have 25 completed projects, representing 12.86 million square feet of Saleable Area, out of which our 20 completed projects in the cities of Bengaluru and Chennai accounted for 87.69% of our Saleable Area. Further, 81.88% of our total Saleable Area for completed projects were in the mid-market category and affordable housing category (with midmarket and affordable categories accounting for 48.02% and 33.86% respectively), and the remainder in the commercial and office space and luxury housing categories, as of November 30, 2018.
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