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Shriram Properties Limited (SPL), a leading developer in India’s mid-market and mid-premium housing segment, has announced its second residential project in Pune with the signing of a Joint Development Agreement (JDA) for a ~0.7 million square feet premium development in Hinjewadi. The project carries a gross development value (GDV) potential of approximately Rs 700 crores.
Following the successful launch of its maiden Pune project at Undri in May 2025—which sold over 55% of inventory within six months—SPL’s latest venture reinforces its strategic commitment to expanding in high-growth micro-markets across western India. The Hinjewadi development will feature 6.5 lakh sqft of premium residential apartments, complemented by curated retail and commercial spaces, bringing the total saleable area to over 7 lakh sqft.
Designed as a high-rise mixed-use community, the project will offer a Sky Clubhouse with panoramic city views, exclusive leisure amenities, and vibrant social spaces. Strategically located in Pune’s largest IT and business district, the development is positioned to attract both end-users and investors, benefiting from proximity to Hinjewadi IT Park, the Mumbai-Pune Expressway, and key educational and healthcare institutions.
“Hinjewadi continues to offer strong demand fundamentals driven by its thriving IT and industrial ecosystem,” said Akshay Murali, Vice President – Business Development, Shriram Properties. “This second project marks a significant step in our expansion strategy and reflects our confidence in Pune’s long-term growth potential.”
The new project aligns with SPL’s broader strategy of capital-efficient growth through asset-light development models, while continuing to deliver value-driven, high-quality homes across India’s most dynamic residential markets.
