Shriram Properties Achieves Remarkable Sales Success with "Codename Ultimate"

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Shriram Properties Achieves Remarkable Sales Success with "Codename Ultimate"

Team FS

19/Mar/2024

Key Points:

Exceptional Response: Shriram Properties sells nearly 70% of inventory in "Codename Ultimate" during its opening weekend near Electronic City, Bengaluru, reflecting strong customer interest and value proposition.
Tranquil Living: The Balinese-themed project offers a serene ambience prioritizing open spaces, comprising over 400 units with a saleable area of approximately 5.0 lakh sqft.
Proven Track Record: With previous successful projects in the vicinity, Shriram Properties builds on its reputation for delivering quality homes and value appreciation for customers.

Shriram Properties, a renowned residential developer in South India, has witnessed an overwhelming response to its latest project, "Codename Ultimate," located near Electronic City, Bengaluru. During its opening weekend, the company achieved a remarkable milestone by selling nearly 70% of the project inventory, underlining the project's appeal and value proposition to homebuyers.

A Tranquil Oasis in Bengaluru

"Codename Ultimate" stands out with its Balinese-themed design and tranquil ambience, emphasizing spaciousness and harmony with nature. Boasting over 400 units spread across approximately 5.0 lakh sqft, the project offers residents a serene living experience complemented by abundant open spaces.

Building on Past Successes

Shriram Properties has established a strong presence in this micro market, having successfully delivered over 2,700 units across three previous projects – Shriram Summit, Shriram Signiaa, and Shriram Smirithi – in the neighborhood over the past 3-5 years. Additionally, the company is in the process of handing over approximately 650 units in Shriram Liberty Square and targets another 500 units in Phase-1 of Shriram 107 South East in the upcoming quarters. These endeavors not only signify Shriram's commitment to quality and timely delivery but also highlight its track record of value appreciation for customers.

A Word from the Chief Sales & Marketing Officer

Mr. Vivek Venkateswar, Chief Sales & Marketing Officer at Shriram Properties, expressed his confidence in the project's success, attributing it to the strong product offering and excellent value proposition. He emphasized the customers' delight with the project's concept and thanked them for their trust and confidence in Shriram Properties. Mr. Venkateswar reiterated the company's commitment to delivering substantial value to its customers.

About Shriram Properties Limited

Shriram Properties Ltd (SPL) is a leading residential real estate development company in South India, focusing primarily on the mid-market and affordable housing segments. With a proven track record of delivering 40 projects spanning 22.4 msf in saleable area, mainly in Bengaluru and Chennai, SPL has established itself as a reliable player in the industry. As part of the Shriram Group, SPL benefits from four decades of operating history in India and made its mark as a publicly traded company following its initial public offering in December 2021.

As Shriram Properties continues to innovate and deliver exceptional living experiences, "Codename Ultimate" stands as a testament to its commitment to excellence and customer satisfaction in the residential real estate sector.

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Shriram Properties Achieves Remarkable Sales Success with "Codename Ultimate"

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