Shriram Properties plans to raise around Rs 10 bn from an initial public offering (IPO) and enter the low-cost housing segment with homes in the Rs 1.5-2.5 mn price range. In 2017-18, the firm sold 1,204 homes in Bengaluru, its core market, and 555 in Chennai.
In 2018-19, it expects to sell almost double the number of units.
This year, Shriram Properties, which has a mid-income housing portfolio, plans to enter the low-income group housing space and has a pipeline of projects of 6-7 mn sq ft across cities.
Contact: Shriram Properties.
Tel: 080-4022 9999.
Website: www.shriramproperties.com
