Shriram Properties Ltd is headquartered in Bengaluru and traces its residential business to the completion of its first project, Shriram Shriranjani, in Bengaluru in September 2000. The company is part of the Shriram Group, founded by R. Thyagarajan, and has been led since 1997 by Chairman and Managing Director Murali Malayappan. Chennai has been one of the developer's two founding markets alongside Bengaluru: by September 2021, 24 of its 29 completed projects were concentrated in these two cities. The company's own count now stands at 51 delivered projects spanning over 31.5 million square feet, primarily across Bengaluru, Chennai and Kolkata, with a more recent entry into Pune.
Shriram Properties Ltd's Chennai footprint began with commercial and SEZ development. Its first commercial project, Shriram Gateway, was an IT SEZ campus, and the company completed the Shriram Temple Bells residential project (Phases 1 and 2) in the city. Shriram Park63 in Perungalathur is built directly on the Shriram Gateway campus on GST Road, extending that commercial base into a residential and retail township. The developer was listed on the NSE and BSE in December 2021 after a ₹600-crore IPO, and it has drawn project-level capital from institutional investors including Mitsubishi Corporation, which invested ₹1,785 million in Shriram Park63 through its subsidiary DRI India Company Limited.
Shriram Park63 is a self-sustained, integrated township spread over 11.78 acres on the Grand Southern Trunk Road (GST Road) in Perungalathur, positioned as part of a larger 57-acre Shriram Gateway development combining residential, commercial and retail components. The project sits directly opposite Perungalathur Railway Station, between the 40-foot Gandhi Road and the 150-foot GST Road. Shriram Properties Ltd has phased the project over several years, with RERA registrations covering multiple building blocks, including TN/01/Building/0072/2018, TN/01/Building/0138/2018, TN/01/Building/0112/2019, TN/01/Building/0279/2020 and TN/01/Building/0136/2022, reflecting a sequence of launches culminating in the Phase 2B tower.
The residential component offers 1, 2 and 3 BHK apartments, with unit sizes reported between roughly 1,375 and 2,040 sq ft across phases, and built forms ranging from mid-rise blocks to what the developer markets as one of its tallest residential towers in the portfolio. The township includes a roughly 20,000 sq ft clubhouse, a mini theatre exclusive to residents, and more than 40 amenities spanning swimming pool, gymnasium, sports courts and landscaped parks. A retail component, planned as a mall with a multiplex covering about 6 lakh sq ft, is positioned as part of the same Shriram Gateway campus.
Perungalathur sits on GST Road in Chennai's southern growth corridor, with the project benefiting from direct frontage on GST Road and proximity to the Outer Ring Road and Chennai Bypass. It is roughly a 20-minute drive from Chennai International Airport and close to established employment nodes such as MEPZ Tambaram, Mahindra World City and the Zoho campus. The upcoming Kilambakkam bus terminus, a short drive away, is expected to further consolidate the locality's role as a transit interchange for Chennai South. Shriram Park63 also overlooks the roughly 1,500-acre Vandalur Forest Reserve, giving the development a green buffer uncommon for a GST Road address of this scale.
Perungalathur has moved from a peripheral rail-side settlement to one of the more active mid-segment residential markets in Chennai South, with over a hundred residential projects tracked in the locality and a mix of ready and under-construction supply. Average flat rates in Perungalathur are in the range of roughly ₹5,550 to ₹8,100 per sq ft, with average transacted rates around ₹7,285 per sq ft, and prices in the locality have risen by roughly 6.5% over the past year and close to 44% over five years, according to government transaction data compiled by property portals. Within this set, Shriram Park63 is tracked among the locality's premium housing societies, alongside developments such as TVS Emerald Atrium at GreenAcres.
Social infrastructure around the project includes schools such as SBOA School and Velammal Vidhyashram, engineering institutions like Sri Venkateswara College of Engineering and Crescent Institute of Science and Technology, and hospitals including Hindu Mission Hospital in Tambaram and Cauvery Hospital in Chromepet, all within a 5 to 20-minute drive. The Perungalathur railway station opposite the project connects into Chennai's suburban rail network, supplementing bus links through the Kilambakkam terminus.
Buyers assessing a Shriram Properties Ltd purchase in Perungalathur typically look beyond the individual project to the developer's broader delivery record. The company has completed projects such as Shriram Shriranjani in Bengaluru, Vijaya Hyde Park in Coimbatore, and Shriram Temple Bells in Chennai, and it follows a joint-development and joint-venture model that has allowed it to scale its pipeline to roughly 42 million sq ft of ongoing and planned projects. Shriram Park63 itself has been recognised within the industry, including a Residential Complex of the Year citation at the 15th Realty+ Conclave & Excellence Awards, South, in 2023.
