Shriram Properties Limited is a publicly listed real estate company — on both NSE and BSE — operating under the four-decade-old Shriram Group. The company has delivered 51 projects totalling 31.5 million square feet of saleable area and carries a pipeline of 41 further projects spanning 35.3 million square feet. Operations began in Bengaluru in 2000, with Chennai, Coimbatore, and Visakhapatnam added progressively as the company expanded across South India. Chennai is not a recent experiment for Shriram Properties: the city accounts for a large share of its historical project count, including completed residential schemes such as Shriram Temple Bells and the commercial landmark Shriram Gateway in the city.
The company focuses primarily on mid-market and affordable housing categories, while also being present in plotted development, mid-market premium, luxury housing, and commercial and office space in its core markets. That positioning — quality construction at attainable price points — is precisely what defines the kind of buyer Shriram Properties is courting in Thirumazhisai.
Shriram Properties launched Codename Pudhiya Chennai, an apartment development in Thirumazhisai, with a total saleable area of 1.1 million square feet and a projected revenue potential of ₹550 crore to ₹600 crore. The scale of that commitment — over a million square feet from a single site — signals how seriously the developer is treating this location.
Spread across 8.9 acres, the project will feature seven towers of 13 floors each, comprising 1,053 apartments in 2 BHK and 3 BHK configurations ranging from 935 sq ft to 1,354 sq ft. Prices start at ₹38.5 lakhs.
The apartments are designed for optimal space utilisation, modern aesthetics, premium finishes, good ventilation, and Vastu compliance. The site plan dedicates a substantial share of land to shared amenity: 75% of the project area is reserved for open spaces, and the 12,000 sq ft clubhouse is equipped with over 45 amenities including a gym, swimming pool, and children's play areas.
The project is situated in the rapidly developing West Chennai corridor and is approved by the Real Estate Regulatory Authority (RERA). Vivek Venkateswar, Chief Sales and Marketing Officer at Shriram Properties, has highlighted the company's expertise in Chennai's real estate market and the project's potential for long-term value and appreciation.
Thirumazhisai is rapidly emerging as a prime real estate destination in Chennai, driven by its strategic location, infrastructure development, and increasing demand for residential spaces, alongside large-scale government initiatives and enhanced connectivity. For Shriram Properties, whose product philosophy is built on selecting locations ahead of mainstream discovery, the timing here is consistent with how the company has operated in Bengaluru and Kolkata.
The address itself does considerable work. The Thirumazhisai Metro Station is approximately 10 minutes away, the Chennai New Mofussil Bus Terminus is about 5 minutes away, and the Chennai-Bangalore Expressway is 5 minutes away. Irungattukottai SIPCOT is roughly 15 minutes away, and Sriperumbudur SIPCOT is approximately 20 minutes away. Porur's IT belt — which houses a concentration of tech employers — is accessible within 30 minutes.
Chennai Metro Phase 2 includes a new corridor (Corridor 4) running from Lighthouse to Poonamallee, with an extension proposed to Thirumazhisai, covering 26.1 km and linking the suburb to key nodes including Porur, Koyambedu, and T. Nagar. Once operational, commuters from Thirumazhisai could bypass the congested Mount-Poonamallee Road, cutting travel time to central Chennai by 30% or more.
The highway story is equally tangible. Thirumazhisai's proximity to the Chennai-Bangalore Highway (NH 48) ensures seamless connectivity to key industrial and commercial hubs. The 262 km Bangalore-Chennai Expressway is also expected to be a significant infrastructure development, cutting inter-city travel time and opening investment prospects along nodes including Sriperumbudur.
Beyond the highway and metro story, there is a longer-range structural catalyst that separates Thirumazhisai from most western-corridor suburbs. The Tamil Nadu Housing Board has plans to develop a Smart Satellite Township in Thirumazhisai spanning over 300 acres, with facilities including IT parks, residential complexes, educational institutions, and healthcare infrastructure, making it a self-sustaining urban hub.
The Chennai Metropolitan Development Authority has also proposed a "15-minute city" concept for Thirumazhisai, premised on the cluster of startups and innovation activity around the Kuthambakkam bus terminus. The idea is that residents should have shops, workplaces, schools, bus stops, and the metro station all within 15 minutes of travel, with well-designed roads, metro rail connectivity, and a network of bicycle tracks.
For buyers evaluating Shriram Codename Pudhiya, this government-backed masterplan matters because it sets a floor on the area's long-term infrastructure trajectory. Shriram Properties is not the only developer present in Thirumazhisai, but it is one of the few bringing a RERA-approved, large-scale apartment community — rather than unregulated plotted supply — to a market still in its formative phase.
The social infrastructure that exists today already supports comfortable residential life. Reputed educational institutions such as Chennai Public School, Alpha College of Engineering, Saveetha University, Spartan International School, and Vels University are within easy reach. Healthcare needs are met by facilities including Panimalar Hospital, Sri Ramachandra Hospital, and MIOT Hospital, while retail and leisure options include D-Mart, restaurants, and multiplexes.
The Thirumazhisai SIDCO industrial estate is a major local employment generator, housing small and medium manufacturing units, logistics facilities, and warehousing operations, creating steady housing demand and rental market stability. The nearby industrial belts — including SIPCOT Industrial Park in Irungattukottai — benefit global companies such as Hyundai, Nissan, and Dell that have manufacturing and operational presence in the area. This industrial employment base underpins rental demand for Shriram Properties homes from working professionals who do not wish to commute from central Chennai.
Flat prices in Thirumazhisai currently range from approximately ₹5,750 to ₹6,900 per sq ft on the listed market, with land rates around ₹3,500 to ₹5,100 per sq ft. Flat rates in the locality have appreciated by approximately 7% in the past year, 32.3% over three years, and land rates have moved 100% over the past five years and 300% over the past ten years.
Within the wider West Chennai market, Thirumazhisai is classified among the affordable locales with property rates typically up to ₹4,500 per sq ft, which positions Shriram Codename Pudhiya's entry price of ₹38.5 lakhs as competitive relative to where the Porur and Valasaravakkam belts are already priced. Areas such as Poonamallee and Thirumazhisai have gained prominence due to metro expansion and improved road connectivity, attracting first-time buyers and early-stage investors drawn by relatively lower entry prices compared to established corridors, with the appeal being gradual appreciation as infrastructure projects integrate the micro-market more closely with the city's employment zones.
Buyers evaluating any pre-launch or newly launched project reasonably weigh the developer's history of delivery. Shriram Properties has a demonstrated track record, having delivered over 50 projects with more than 31.5 million square feet of development across Bengaluru, Chennai, and Kolkata. In FY2025 alone, the company launched three new projects — one each in Bengaluru, Chennai, and Kolkata — as well as three new phases in existing projects, totalling 2.6 million square feet of saleable area.
Chairman and Managing Director M. Murali is an alumnus of IIM-Bangalore and Harvard Business School with over 36 years of experience in real estate and finance. The company raised ₹600 crore through its IPO in December 2021, and its public listing subjects its financials and project progress to ongoing regulatory disclosure — a layer of accountability that unlisted developers do not carry.
In Chennai specifically, the developer's history runs from large commercial developments such as Shriram Gateway — which attracted institutional investors including Sun Apollo and Hypo Real Estate Bank — through to residential completions across different sub-markets. Thirumazhisai is the company's current active front in the city, and Codename Pudhiya represents its most significant Chennai apartment launch in recent memory by both unit count and saleable area.
