Shriram Properties Ltd (SPL) marked its 25th year of operations in 2024–25, having grown from a single debut project — Shriram Shriranjani in Bengaluru in 2000 — into a recognised name in India's mid-market and mid-premium residential segments. The company built its core business across Bengaluru, Chennai, Coimbatore, Visakhapatnam, and Kolkata before making a deliberate move westward. That westward move took the form of a Joint Development Agreement for six acres of prime land in the Undri micro-market of Pune — the developer's maiden foray into Maharashtra and the western region of India.
As of April 2026, SPL has delivered 51 projects accounting for 31.5 million square feet of saleable area, with a further pipeline of 41 projects spanning 35.3 million square feet. Under Chairman and MD Murali Malayappan, the company has attracted institutional investment from global capital allocators including Walton Street Capital, Starwood Capital Group, and TPG Capital. SPL is publicly listed on both the BSE and NSE.
Undri sits in south Pune's Haveli taluka, on a corridor that connects the city's older eastern IT districts to the expanding southern suburbs. Over the past decade, Undri has transitioned from a semi-rural pocket into a well-connected suburban hub with modern housing projects, reputed schools, and robust infrastructure. The pull for a developer calibrated to mid-market and mid-premium buyers is straightforward: the area offers employment proximity without the land-cost premium of already-saturated IT corridors.
Undri's closeness to SP Infocity, Hadapsar, and Magarpatta means shorter commutes and reduced weekday travel fatigue for working residents. Magarpatta City, SP Infocity, and the Hadapsar Industrial Estate are the closest employment hubs, generally reachable within 20–30 minutes. The road network — including NIBM Road, Undri-Hadapsar Road, Kondhwa-Undri Road, and the Undri-NH65 Bypass Road — ensures seamless connectivity to neighbouring localities and major commercial hubs within Pune.
Proximity to NH-65 (the Pune-Solapur Highway) and the Mumbai-Bengaluru Highway gives Undri residents seamless regional access beyond the city itself. Pune Airport is approximately 11.5 km from Undri, and the nearest rail connection at Sasvad Road is under 4 km away.
Shriram The Spectrum is a new residential project in Undri, Haveli, Pune, planned across 16 acres with four high-rise towers of G+22 floors, offering 2 BHK and 3 BHK apartments with carpet areas ranging from 730 to 1,100 sq ft. The scale — 16 acres and four towers — is consistent with SPL's township-format projects in Bengaluru and Chennai, where the developer has used large land parcels to deliver gated communities with shared amenity infrastructure rather than standalone apartment blocks.
The Spectrum carries a mixed-use design: alongside its residential towers, the development includes a high-street retail avenue with cafés, daily-essentials stores, and entertainment options. This embedded retail layer — uncommon in south Pune's residential supply — reflects a product positioning that SPL has refined across its South Indian portfolio, where integrated amenity streets reduce residents' dependence on external commercial areas.
In 2025, Undri's residential prices range from roughly ₹5,200 to ₹7,200 per sq ft, with 2 BHK homes priced between ₹55 lakh and ₹85 lakh. Five-year price growth across the locality stands at 13.6%. Over the last three years, Undri has seen capital appreciation of roughly 6–8% annually; factoring in rental yields driven by the workforce in Magarpatta City and SP Infocity, the total investment return is materially higher.
Integrated township developments in Undri are gaining traction due to their self-sustained ecosystems combining residential, commercial, and recreational components — which is precisely the format Shriram The Spectrum employs. For a buyer comparing options across south Pune, that structural advantage matters: the project delivers amenity depth that standalone mid-rise blocks on smaller plots cannot match.
Undri has a developed social infrastructure, including top-tier schools and retail centres, that attracts a premium tenant and owner profile. Established schools in and around the locality include The Bishop's Co-Ed School, Delhi Public School, and Vibgyor High; healthcare access includes Lifeline Hospital, Ruby Hall Clinic Wanowrie, and Inamdar Multispeciality Hospital.
Future metro connectivity and road-widening projects are expected to further increase the area's value, adding a forward-looking infrastructure case to an already functional present-day network. For Shriram Properties buyers specifically, this matters because SPL's typical hold period for a mid-market buyer tends to be long-term — the 5-to-10-year horizon where metro-linked appreciation historically compounds fastest.
Shriram Properties has established projects across multiple Pune micro-markets, including Keshav Nagar, Mamurdi, Kharadi, Undri, Baner, and Hinjewadi. The Undri entry via The Spectrum is therefore not a one-off experiment but part of a structured Pune expansion that spans both the eastern IT corridor (Kharadi) and the western growth belt (Baner, Hinjewadi). For a buyer, that multi-node presence signals a developer with market conviction — and the operational infrastructure to service buyers across the city after possession.
As part of its silver jubilee, SPL unveiled a refreshed brand identity under the initiative SPLNxT, aimed at accelerating growth and repositioning the brand with an enhanced focus on mid-market and mid-premium segments. Undri, which sits squarely at the intersection of those two segments by price and buyer profile, is a natural expression of that strategy in Pune.
