SPL Posts Record Q1 FY26 Sales, Expands into Pune Market

14 Aug 2025 CW Team

Shriram Properties (SPL) has reported a strong start to FY26, with record-high first quarter sales of 0.8 million sq ft, valued at Rs 4.41 billion, marking a 17 per cent year-on-year growth. The performance was driven by robust sustenance sales and the successful launch of its maiden Pune project, codenamed “Superstar,” which received an encouraging market response.

Pre-launch efforts for the Bengaluru project “The One” in Electronic City also generated strong demand ahead of its July 2025 launch. SPL expects pre-sales volumes to gain further momentum in the coming quarters, supported by new launches.

Collections for Q1 stood at Rs 3.38 billion, up 5 per cent Y-o-Y, despite a high base in Q4 FY25 due to increased handovers. The company delivered over 740 homes and plots during the quarter, continuing the momentum from the record-high handovers in the previous quarter.

On the business development front, SPL added a new project with a gross development value of approximately Rs 2 billion in Q1. It is in advanced stages of due diligence for six additional projects with a combined development potential of around 3 million sq ft. The company is also evaluating projects with over 23 million sq. ft. potential across its core markets.

With nearly 80 per cent of on-going projects already sold, SPL aims to focus on timely execution and delivery to accelerate revenue recognition. The company remains confident in its medium-term outlook, supported by a healthy launch pipeline and a favourable industry cycle.

Commenting on the results, Murali M, Chairman and Managing Director, Shriram Properties, said:

“Q1 results reaffirm the strength of our operating platform. Our Pune entry has been successful, and we are committed to expanding our presence further. We remain focused on adding to our pipeline and accelerating execution to unlock cash flows from ongoing projects for superior value creation.”

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..