Shriram Properties Ltd traces its origins to Bengaluru, where it is headquartered as an Indian real estate development company, established in 2000 as part of the Shriram Group, a diversified financial services conglomerate founded by R. Thyagarajan. The company commenced operations in Bengaluru in 2000 and later expanded to cities including Chennai, Kolkata, Coimbatore, Visakhapatnam, and Pune. In 2021, Shriram Properties was listed on the Bombay Stock Exchange and the National Stock Exchange of India, and its primary markets include Bengaluru, Chennai, and Kolkata, with additional presence in Pune, Coimbatore, and Visakhapatnam.
By its own account, the company has delivered 51 projects spanning over 31.5 million square feet, mainly in Bengaluru and Chennai. Its capital base includes marquee names: the company is trusted by investors such as Walton St Capital, Starwood Capital Group, and Mitsubishi Corporation. Leadership continuity has been a factor in that scale-up — Murali Malayappan, the Chairman and Managing Director, started from humble beginnings in rural Tamil Nadu and rose to lead one of South India's most prominent real estate companies.
Pune is a comparatively recent chapter. The company's own corporate timeline flags a distinct milestone titled "Entry into Pune Market", and its investor press releases list a further update dated 30 October 2025 under the heading "Shriram Properties expands footprint in Pune". The company's first visible Pune project, Shriram The Spectrum, is a landmark 14-acre residential development by Shriram Properties in the serene yet well-connected locale of Undri, Pune. Shriram Kharadi extends that Pune entry into the city's east side, placing the developer inside one of Pune's most active IT-driven residential markets rather than only its southern suburbs.
Shriram Kharadi is positioned by Shriram Properties as a residential development in Kharadi, with thoughtfully crafted homes ranging from 2 BHK flats to spacious 3 BHK apartments and 4 BHK homes, aimed at both employment zones, educational institutions and top-class healthcare, making it an ideal choice for both working professionals and families. The amenity mix follows a pattern consistent with the company's other launches — a fully equipped clubhouse, a modern gym and indoor game zones, alongside a temperature-controlled swimming pool, jogging track, yoga deck and landscaped gardens, with dedicated spaces including a children's play area, senior citizen corner, co-working lounge, amphitheater and party lawn.
The project sits within a locality the company already frames as core to its Pune strategy. Company-facing project material for Kharadi points to proximity to major business districts such as Magarpatta, Hadapsar and Viman Nagar, with seamless connectivity via the Pune-Nagar Highway and a short distance from Pune International Airport.
Kharadi's pull for a developer entering Pune has less to do with scenery and more to do with employment density. The locality is anchored by major IT hubs like EON IT Park, Zensar Technologies, and World Trade Center, which attract a large population of working professionals, and its road network gives it exceptionally well-connected access to Viman Nagar, Magarpatta, Koregaon Park and Pune Airport. Distance metrics reinforce this: Kharadi offers excellent connectivity with the nearest train station, Hadapsar, located at a distance of 2.68 km, while Pune Airport is just 3.24 km away.
Infrastructure work already underway is likely to matter more to a Shriram Kharadi buyer than any single amenity. In June 2025, the Union Cabinet approved the Pune Metro Rail Project Phase-2, covering Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B), as extensions of the existing Vanaz–Ramwadi corridor, with these two elevated corridors spanning 12.75 km and 13 stations connecting fast-developing suburbs such as Kharadi and Wagholi. That corridor was costed at Rs. 3626.24 crore, to be equally shared by the Government of India, Government of Maharashtra, and external bilateral/multilateral agencies, with construction scheduled for completion within four years. A second sanction followed for a line running directly through the locality: Kharadi–Khadakwasla (Line 4) and Nal Stop–Warje–Manik Baug (Line 4A), together spanning 31.636 km with 28 elevated stations, the second major Phase-2 approval after Lines 2A and 2B.
Kharadi's residential rates have moved up steadily rather than sharply, which is typically the pattern buyers look for in an IT-led micromarket rather than a purely speculative one. As of March 2026, the average asking price increased from ₹13,515 per sq ft in June 2025 to ₹14,199 per sq ft in March 2026, and government registration data for the same period shows 1,257 transactions totaling ₹1,352 Cr at a registered rate of ₹13,950 per sq ft. On the rental side, the rental market averages ₹47 per sq ft with a rental yield of 3.97%. Longer-term data from other trackers shows a similar direction: flat rates in Kharadi changed by 2.9% in the last 1 year, 36.3% in the last 3 years, and 49.7% in the last 5 years.
For a buyer weighing Shriram Kharadi, the relevant comparison is not just unit against unit but developer scale against locality trajectory. Shriram Properties brings a two-decade Bengaluru-and-Chennai delivery record and listed-company reporting discipline into a Pune submarket where EON IT Park, World Trade Center and Zensar Technologies already anchor daytime employment, where two new metro corridors have cleared Cabinet approval, and where price data shows steady rather than volatile appreciation. That combination — an established South Indian developer applying its Undri playbook to Pune's east side, inside a locality with confirmed metro funding — is the core argument for Shriram Kharadi within the wider Shriram Properties Pune story.
