Shriram Properties Ltd traces its residential business to Bengaluru in 2000, before expanding to Chennai, Coimbatore and Visakhapatnam, and later Kolkata and Pune. Within Chennai, the GST Road corridor in South Chennai is where the company built one of its earliest and largest footprints, anchored by its integrated township, Shriram Gateway, at Perungalathur. The Shriram GST Road project, offering 2, 3 and 4 BHK configurations, is the developer's newer residential launch on this same stretch, extending a presence that goes back to the company's first commercial project in the city.
Shriram Properties completed its residential project Shriram Temple Bells Phase 1 and 2, and its first commercial project, Shriram Gateway, in Chennai. Shriram Gateway grew into a large IT SEZ on GST Road at Perungalathur, and by the time the company launched its residential tower Park 63 within the same township in 2019, the Gateway already had fully functioning office spaces occupied by companies such as Accenture and Sutherland, employing around 25,000 people, with plans to expand to 50,000. That scale of built-out commercial space, sitting directly beside the residential blocks, is what distinguishes Shriram's GST Road holding from a standalone apartment launch elsewhere in the corridor. Park 63 itself was positioned as situated just off Tambaram, right next to the 1,500 acre Vandalur green reserve, with Murali M, Chairman and Managing Director of Shriram Properties, describing it as offering residents excellent connectivity by road, rail and even by air. The Shriram GST Road project continues this pattern of building where the company already has land, offices and an established address recognised locally.
GST Road is the Grand Southern Trunk Road, or NH 45, one of South India's busiest national highways, running through Guindy, Guduvanchery, Meenambakkam, Pallavaram, Chrompet, Tambaram and Urapakkam. For a project on this corridor, that means direct access to the 100 Feet Radial Road, Bypass Road and Chennai Outer Ring Road, with the Green Metro Line's terminal station at St Thomas Mount nearby. Suburban rail is a further advantage: Shriram's own Park 63 was built right opposite the Perungalathur railway station, from where a number of suburban trains run to different locations, and the broader stretch is served by arterial roads such as the Chennai Bypass and Outer Ring Road, with the airport just 20 minutes away. Infrastructure works in progress add to the case: the remaining stretch of the Tambaram-Tindivanam road is being widened into eight lanes, and an underpass connecting GST Road with the Chennai Bypass at Irumbuliyur has been completed, alongside a planned six-lane flyover near the Vandalur zoo junction.
GST Road's residential growth has followed its office market. Its proximity to Chennai International Airport, the Potheri railway station and major IT hubs such as Gateway Office Park, Chennai One Software Park, Bahwan IT Park, Ascendas IT Park, Ramanujan IT City and Bristol IT Park has been a plus point, and tech parks such as Olympia, Tamarai and International, along with office hubs including RMZ Millenia and KG 360 Degrees, sit within the belt. Shriram's own Gateway office park at Perungalathur, home to Accenture and Sutherland, is part of this same employment base, giving its adjacent residential product a built-in catchment of working professionals rather than relying purely on speculative demand.
Property values along GST Road have moved steadily rather than spiked. Flat rates in GST Road, Chennai changed by 10.2 percent in the last one year, 32.1 percent in the last three years, 52.2 percent in the last five years and 66.7 percent in the last ten years, with average property rates for flats standing around Rs 7,000 per square foot. GST Road is gaining ground as a supreme investment destination, especially in terms of housing, and the establishment of several MNCs along the road has led to an increasing traffic of IT population, paving the way for rapid residential growth. Historic pricing from Shriram's own Park 63 launch illustrates the corridor's affordability relative to central Chennai: 1BHK apartments started at Rs 35 lakhs while 3BHK homes started at Rs 74 lakhs at launch, and Murali M noted at the time that integrated townships had seen an ROI of 100 percent in the previous four years, compared with 27 to 40 percent appreciation for standalone projects.
GST Road has drawn sustained attention from real estate buyers partly because of its social infrastructure, hosting a range of schools, colleges and healthcare institutes alongside well-connected roads. Schools such as Vidya Mandir, SRM and Velammal Vidhyashram, hospitals including Kasthuri and SIMS, and retail destinations such as Phoenix Marketcity are within reach of the corridor. The civic infrastructure throughout the stretch is also commendable, with a number of fully operational railway stations, bus stops, police stations and post offices present in the area.
Shriram Properties Ltd was established in 2000 and is part of the Shriram Group, a diversified financial services conglomerate founded by R. Thyagarajan, and operates under the leadership of Chairman and Managing Director M. Murali, an alumnus of IIM-Bangalore and Harvard Business School with over 36 years of experience. The company has been trusted by marquee investors like Walton Street Capital, Starwood Capital Group and Mitsubishi Corporation, and was listed on the Bombay Stock Exchange and the National Stock Exchange of India in 2021. As of mid-2025, the company had delivered 48 projects with a saleable area of 28.3 million square feet, and carried a development pipeline of 39 projects with an aggregate development potential of 36 million square feet, including 19 million square feet of ongoing projects. Its primary markets remain Bengaluru, Chennai and Kolkata, with additional presence in Pune, Coimbatore and Visakhapatnam, and the company continues to add to its Chennai pipeline, including a premium project in Koyambedu with 3.2 lakh square feet of saleable area expected to generate Rs 350-400 crore in revenue. This mix of listed-company disclosure, institutional capital, and a long-standing physical presence on GST Road itself is the context in which the Shriram GST Road project sits.
