Shriram Properties Limited traces its roots to 2000, when the company, backed by the Shriram Group founded by R. Thyagarajan, began operations in Bengaluru under Chairman and Managing Director Murali Malayappan. Shriram Properties Limited is an Indian real estate development company headquartered in Bengaluru, Karnataka, established in 2000 as part of the Shriram Group, a diversified financial services conglomerate founded by R. Thyagarajan. Shriram Properties commenced operations in Bengaluru in 2000 and later expanded to cities including Chennai, Kolkata, Coimbatore, Visakhapatnam, and Pune. Chennai has been part of the company's core operating base almost from the start: Shriram Properties initially concentrated its expansion efforts on Bengaluru and Chennai, and by September 30, 2021, a significant majority of its completed projects, 24 out of 29, were located in these two primary cities.
The company's scale today reflects that Bengaluru-Chennai concentration. With a portfolio of 51 thoughtfully developed projects spanning over 31.5 million square feet, primarily in Bengaluru, Chennai, and Kolkata, the company has touched countless lives while fostering a sense of belonging. Shriram Properties formalised its capital-markets standing in December 2021: in 2021, Shriram Properties was listed on the Bombay Stock Exchange and the National Stock Exchange of India. In Chennai specifically, its footprint spans established residential formats from mid-market apartments to integrated townships, including its Grand Southern Trunk Road development, Shriram Park 63, an 11.78-acre township offering 1, 2 and 3 BHK flats on the Grand Southern Trunk Road that forms part of the larger Shriram Gateway campus. A vibrant 11.78-acre, self-sustainable, master-planned, integrated township with statuesque high-rise towers is situated in the heart of Chennai on the Grand Southern Trunk Road.
Shriram Stellar marks the developer's premium residential push into Koyambedu, one of Chennai's most transit-dense micro-markets. The project is positioned in the mid-market-premium to premium bracket that Shriram Properties has built its reputation on, with 3 and 4 BHK configurations rather than the compact formats seen in some of the company's peripheral projects. The project offers 3 BHK and 4 BHK units, sizes that suit different family needs. Reported unit sizes for the format Shriram Properties has deployed in this pocket of Koyambedu run from 1,465 to 2,835 square feet, with entry pricing at ₹1.80 crore for the smaller 3 BHK configuration. This places Shriram Stellar at the upper end of Koyambedu's residential stock, distinguishing it from the area's older mid-rise apartment inventory.
The choice of Koyambedu is consistent with Shriram Properties' broader strategy of building depth in a handful of proven Chennai and Bengaluru micro-markets rather than spreading thin. It is also emblematic of the company's asset-light, joint-development approach to land acquisition that has let it scale its pipeline without over-extending its balance sheet.
Koyambedu's relevance to a Shriram buyer rests substantially on its transit infrastructure. The locality hosts the Chennai Mofussil Bus Terminus, one of the largest bus termini in the country. Opened on November 18, 2002, and constructed by the Chennai Metropolitan Development Authority at a cost of ₹103 crore, it spans 36 acres and features six platforms with 180 bus bays, with capacity to handle around 2,000 buses and over 200,000 passengers daily.
Koyambedu Metro Station adds a second layer of connectivity. Koyambedu is an important elevated metro station on the South-East Corridor of the Green Line, which attained structural completion in December 2012, and is able to handle about 23,000 passengers an hour. It features two platforms, Platform 1 towards Chennai International Airport and Platform 2 towards Chennai Central Metro Station, and was commissioned as part of the initial 10 km segment from Alandur to Koyambedu on 29 June 2015. The station's role is set to expand further under Chennai Metro's Phase II works: this development will integrate Koyambedu station with Corridor 5, the Red Line running from Madhavaram to Sholinganallur, and a key near-term extension involving a 5.5-kilometre branch of Corridor 5 to Nandambakkam and Chennai Trade Centre via Alapakkam is scheduled to open in June 2026.
For day-to-day commuting, third-party listings for the Shriram Stellar micro-location cite NH 48 nearby, the Koyambedu bus terminus reachable in 5 minutes, and the Koyambedu metro station about 1 km away, with the airport or Chennai Central reachable in roughly 30 minutes, and Chennai Central roughly 9 km away by a 20-minute drive and Chennai International Airport around 12 km away, reachable in about 25 minutes.
Koyambedu's residential values have moved up meaningfully in recent years, underlining why a developer of Shriram Properties' scale has chosen to deploy a premium product here rather than an entry-level one. Flat prices in Koyambedu are in the range of roughly Rs 9,200-15,150 per square foot, with the average property rate for flats at around Rs 12,350 per square foot. Flat rates in Koyambedu have changed by about 38.8% in the last 1 year and 77.7% over the last 3 years. The locality's transaction data also points to sustained end-user activity rather than pure speculation, with the average transaction rate of a flat in Koyambedu at Rs 18,829 per square foot.
This appreciation sits within a broader Chennai residential upcycle. Chennai property trends have shown a 10% year-on-year rise in Q2 2025 with 5,861 launches and 4,911 units sold, and Chennai posted a 24% surge in residential sales even as India's top 7 cities saw a 20% decline in the same quarter. Within this citywide momentum, Koyambedu's advantage is structural rather than cyclical: its bus terminus and metro interchange draw a working population that needs to move across the city daily, sustaining rental and resale demand that many purely residential suburbs lack.
Koyambedu's identity as a self-contained hub extends beyond transit. The locality is anchored by its wholesale market complex, and buyer-facing project pages for this stretch of Koyambedu consistently note proximity to established landmarks. Koyambedu is well known for its proximity to major landmarks such as the Chennai Mofussil Bus Terminus, Koyambedu Metro Station, and the popular Koyambedu Wholesale Market Complex. Retail and entertainment options in the immediate vicinity include VR Chennai Mall, cited by Chennai Metro Rail itself as a key destination served by the Koyambedu interchange. The station provides essential connectivity to key commercial and transport areas, including the Omni Bus Stand, VR Chennai Mall, and various bus routes for last-mile options.
A buyer evaluating Shriram Stellar is essentially weighing two things: the developer's track record of delivering mid-market-to-premium housing across Bengaluru, Chennai and Kolkata over roughly a quarter-century, and Koyambedu's position as one of the very few Chennai localities where an intercity bus terminus, a metro interchange, and a wholesale market coexist within walking distance of a residential address. For end-users who need daily access to the rest of the city without long commutes, and for investors drawn to a locality with a two-decade transit backbone and an expanding metro network, Koyambedu offers a rare combination of established infrastructure and continuing appreciation.
