Shares of Shriram Properties rose by 7% on October 30 following the announcement of a joint development agreement (JDA) for a new project in Pune. As the company eyes potential revenue of ₹750 crore from this land development, the news has sparked market interest. For those looking to buy shares online, the stock traded at ₹108.99 on the NSE at 09.56 am.
Pune development expected to launch in the second half of FY25
The Pune-based project is scheduled to launch in H2 FY25. Shriram Properties’ development strategy in Pune includes constructing over 650 residential apartments alongside retail and commercial spaces. With a saleable area exceeding 1 million sq ft, this expansion highlights the company’s asset-light approach and aligns with its growth strategy in prime markets. This announcement offers potential investors opportunities to buy shares online and take advantage of the anticipated growth trajectory.
Robust project pipeline with over 40 projects
Shriram Properties maintains a substantial pipeline with a total of 42 projects across key regions. As of the end of the June quarter, the company reported an aggregate of 42 million sq ft of saleable area, with 26 of these projects currently underway, representing 24.3 million sq ft. This steady pipeline underpins the company’s long-term growth and potential return for those who want to buy shares online options within the real estate sector.
Development in emerging Pune micro-markets
The project will span six acres in the emerging micro-markets of Undri, Pune, an area gaining traction as a residential and commercial hub. Shriram Properties plans to deliver this mixed-use project over the next four years, highlighting the region’s potential for high-demand real estate. This expansion into an emerging market may attract investors considering buying shares online options in the property sector.
Revenue expectations from the Pune project
The Pune land development is expected to generate between ₹700 crore and ₹750 crore in revenue upon completion. For investors looking to buy shares online, this revenue projection positions Shriram Properties as a potentially strong performer in the real estate investment landscape. The upcoming Pune project is set to further establish the company’s footprint in high-growth regions, boosting long-term revenue prospects.
Market performance: recent gains and near-term trends
While Shriram Properties’ stock experienced a 7% jump following the Pune announcement, the shares have seen pressure in recent months, with a decline of nearly 15% in the past 30 days. Despite the recent dip, today’s gain highlights renewed investor confidence. Those considering the option to buy shares online may see this as an opportunity for future growth in the real estate market.
Expanding project scope and market presence
The new Pune project is part of Shriram Properties’ broader expansion strategy, adding to its already extensive project portfolio. By growing its market presence in high-demand cities, the company aims to secure its position as a leading real estate developer. Investors interested in buying shares online can look to Shriram Properties’ sustained growth strategy and potential market gains through new developments.
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