Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. It is among the top five residential real estate companies in South India in terms of number of units launched between the calendar years 2012 and the third quarter of 2021 across Tier 1 cities of South India including Bengaluru, Chennai and Hyderabad. It also present in the mid-market premium and luxury housing categories as well as commercial and office space categories in its core markets.

The company is part of the Shriram Group, which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries. Its relationship with the Shriram Group provides it with strong brand recall and that it benefit, and will continue to benefit, from the trust and confidence that homebuyers, lenders, financial investors, landowners, development partners, contractors and other stakeholders place in the Shriram brand and its operational history. The company commenced operations in Bengaluru in the year 2000 and has since expanded its presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, it also has presence in Kolkata in East India, where it is developing a large mixed-use project. Bengaluru and Chennai are two key markets for it.

Business area of the company

The company is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.

Awards, accreditations and accolades

• 2008: The company was certified as per ISO 9001:2008 by the International Accreditation Forum.
  
• 2010: The company was certified with IGBC:2010 for ‘Shriram - The Gateway’ for following level of certification under the Leadership in Energy and Environment Design (LEED) Indian Green Building Council by LEED India for Core & Shell Gold.
  
• 2013: The company was awarded the Real Estate Excellence Award for ‘Best Developer in Southern Region’ award by ASSOCHAM India.
  
• 2014: The company was awarded the ‘Most Transparent Developer in Southern Region’ award by ASSOCHAM India.
  
• 2014: The company was awarded the Real Estate Excellence Award for ‘Best Realty Investment Partner in India’ award by ASSOCHAM India.
  
• 2015: The company was awarded the Housing Excellence Award for the ‘Best Developer in Southern Region for the 3rd Successive Year’ by ASSOCHAM India.
  
• 2015: The company was certified as per ISO 9001:2015 by the International Accreditation Forum.
  
• 2017: The company was awarded the ‘Green Project of the Year’ by DNA, Real Estate and Infrastructure Round Table and Awards for Shriram Greenfield Project.
  
• 2018: The company was awarded the Golden Brick Awards under the category of ‘Outstanding Project of the Year’ for Shriram Greenfield.
  
• 2018: The company was awarded the Times Network National Awards for Marketing Excellence under the category ‘Brand of the Year - Affordable Housing.
  
• 2018: The company was awarded the Real Estate Awards under the category ‘Innovative Real Estate Marketing Campaign of the Year’ by ET Now for Code Kovil, Chennai.
  
• 2018: The company was awarded the ‘Innovative Marketing Concept of the Year’ for Codename Take It Easy by 10th Realty Plus Conclave & Excellence Awards 2018 (South).
  
• 2019: The company was awarded the Realty+ Conclave and Excellence Awards, 2019 – South under the category ‘Budget Housing Project of the Year’ for the Codename Dil Chahta Hai.
  
• 2019: The company was awarded the Real Estate Summit and Awards 2019 under the category ‘Integrated Township of the Year - Cyclical’ for Shriram Gateway.
  
• 2019: The company was awarded the Real Estate Summit and Awards 2019 under the category ‘Best Gated Community of the Year’.
  
• 2019: The company was awarded the Golden Brick Awards 2019 under the category of ‘Budgeted Housing Project of the Year - Residential (Regional)’ for the Codename Dil Chahta Hai.
  
• 2019:  The Company was awarded the Global Real Estate Brand Awards 2019 under the category ‘Property Award of the Year - Plotted Development’ for Shiram Earth.
  
• 2020: The Company was awarded the Estate Awards under the category of Affordable Housing of the Year (South) for Codename Yuva, Shriram WYT Field.
  
• 2020: The Company was awarded the Realty+ Excellence Awards East 2020 under the category ‘Integrated Township Project of the Year’ for Shriram Grand City.
  
• 2021: The company was awarded The Business Leadership 2021 Award for Brand Excellence in Construction and Real Estate by Feather Touch.
  
• 2021: The Company was awarded the Indian Marketing Awards 2021 for Best Use of Omni Channel Marketing for Mega Value Month.
  

Major events and milestones

• 2006: Investment by Sun Apollo Investment Holdings LLC of approximately ?800 million in Shriram Properties and Infrastructure Private Limited.
  
• 2007: Investment by WSI/WSQI of Rs 2,100 million in the Company.
  
• 2007: Investment by Hypo Real Estate Bank International AG of Rs 5,590 million for a SEZ project in Chennai.
  
• 2011: Investment by WSI/WSQI and TPG Asia of Rs 2,431.50 million and Rs 3,250 million, respectively in the company.
  
• 2012: Investment by Ask Real Estate Special Opportunities Fund of Rs 839 million in Shrivision Homes for real estate projects in Bengaluru.
  
• 2014: Acquisition by India Realty Excellence Fund II LLP from Garden City Realty 49% of the share capital of Shrivision Towers and investment of approximately Rs 665 million in Shrivision Towers.
  
• 2014: Investment by Amplus Capital Advisors Private Limited of ?130 million in real estate projects in Bengaluru.
  
• 2017: Acquisition by Horus Holdings from Company of Shriram Properties and Infrastructure Private Limited which holds a project land located in a SEZ in Chennai for Rs 3,712.72 million.
  
• 2018: Purchase of compulsorily convertible debenture of Shriprop Properties by Mitsubishi Corporation through its subsidiary, DRI India Company Limited for a consideration of Rs 1,785 million.
  
• 2018: Signing of a non-binding memorandum of understanding with ASK Property Investment Advisors Private Limited for funding commitment of ?8,000 million in residential real estate projects in Bengaluru and Chennai.
  
• 2019: Entered the plotted development segment under the name of “Shriram Earth.” The first project under the series was launched in April, 2019 located off Mysore Road, Bengaluru. This project is spread over an area of 20 acres and contains 381 plots.
  
• 2019: Entered into a debenture trustee agreement with Kotak India Affordable Housing Fund - 1 for investment of Rs 400 million for the development of Shriram Grand Two, an affordable housing project in Kolkata with approximately 2 million square feet of saleable area.