+
Shriram Properties to invest in ongoing projects
Real Estate

Shriram Properties to invest in ongoing projects

Shriram Properties will invest around Rs 750 crore this fiscal on construction of its ongoing and new residential projects as it looks to scale up business amid strong housing demand, its CMD M Murali said. Bengaluru-based Shriram Properties had spent Rs 500 crore in the last financial year on construction works.

Shriram Properties chairman and managing director M Murali highlighted that the company achieved a 25% growth in sales bookings to touch an all-time high of Rs 1,846 crore last fiscal, on higher volumes and better price realisation. Asked about the target of sales bookings for this fiscal, Murali said, “We are looking at about 20% growth in volume terms and 25% growth in value.”

Sales volumes stood at 4.02 million square feet in the last fiscal, which is a new record, as against 3.8 million square feet in 2021-22. The average annual sales realisation grew 8% annually during the last financial year.

Shriram Properties will invest around Rs 750 crore this fiscal on construction of its ongoing and new residential projects as it looks to scale up business amid strong housing demand, its CMD M Murali said. Bengaluru-based Shriram Properties had spent Rs 500 crore in the last financial year on construction works.Shriram Properties chairman and managing director M Murali highlighted that the company achieved a 25% growth in sales bookings to touch an all-time high of Rs 1,846 crore last fiscal, on higher volumes and better price realisation. Asked about the target of sales bookings for this fiscal, Murali said, “We are looking at about 20% growth in volume terms and 25% growth in value.”Sales volumes stood at 4.02 million square feet in the last fiscal, which is a new record, as against 3.8 million square feet in 2021-22. The average annual sales realisation grew 8% annually during the last financial year.

Next Story
Resources

CASE Launches ‘Shilpi’ to Train Youth in Equipment Servicing

CASE Construction Equipment, a CNH brand, has launched Project Shilpi, a CSR initiative to train youth in backhoe loader maintenance and servicing. The programme targets ITI and diploma holders from economically weaker sections, aiming to address the skill gap in the construction equipment servicing sector.  “At CASE, we believe in enabling communities through skills that transform lives... Through this initiative, we aim to strengthen India’s technical workforce while empowering individuals to achieve socio-economic independence,” said Kavita Sah, India CSR Head, CNH. &nb..

Next Story
Resources

Himadri Named CDP Supplier Engagement Leader with ‘A’ Rating

Himadri Speciality Chemical has been recognised as a 2024 CDP Supplier Engagement Leader, earning an ‘A’ rating for its performance in supply chain climate action. This places Himadri among the top-rated global companies in the CDP’s Supplier Engagement Assessment. The company scored high in key categories including supplier engagement, Scope 3 emissions verification, risk management, and governance, demonstrating strong alignment with global climate disclosure frameworks. “Being recognised as a CDP Supplier Engagement Leader is a proud moment for all of us... Our commitment ..

Next Story
Resources

Trimble, IIT Madras Join Hands to Donate 20 Custom Wheelchairs

Trimble has partnered with the National Centre for Assistive Health Technologies (NCAHT) at IIT Madras to support inclusive mobility through the donation of 20 custom-fitted wheelchairs. Backed by an initial ₹15 lakh contribution, the lightweight (9 kg) wheelchairs are tailored to individual needs and rival high-end imports in quality. Recipients will be selected through a structured process including assessments, prescription, and training to ensure long-term usability. “At Trimble, we believe accessibility is fundamental... Through this partnership with IIT Madras, we hope to s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?