No single developer has shaped Valarpuram's residential identity more decisively than Shriram Properties. Shriram Properties leads in Valarpuram with 28 projects — a concentration that reflects a deliberate, multi-phase commitment to this western Chennai micro-market rather than a one-off land play. From the flagship 40-acre Shriram One City township to the newer Codename series launches, the company has treated Valarpuram as a long-run growth address, not a peripheral experiment.
Shriram Properties commenced operations in Bengaluru in the year 2000 and has since expanded its presence across key cities in South India, including Chennai, Coimbatore and Visakhapatnam, as well as in East India, through a large mixed-use development in Kolkata. The company is part of the broader Shriram Group, founded on 5 April 1974 by R. Thyagarajan, AVS Raja and T. Jayaraman, and is led today by Chairman and Managing Director Murali Malayappan. The company has demonstrated a track record of having delivered 51 projects accounting to a saleable area of 31.5 million square feet as of 30 April 2026, with a strong pipeline of 41 projects with 35.3 million square feet of area.
Shriram Properties has established itself as a front-runner in the mid-income and affordable housing segments. The company has designed its housing products to suit the needs of salaried professionals, young families, and first-time homebuyers. Projects typically feature compact configurations, efficient amenities, and good access to employment hubs and transportation corridors. That profile maps precisely onto Valarpuram's buyer demographic — workers drawn to the Sriperumbudur–Oragadam industrial belt who need well-serviced land at accessible prices within commuting distance of their workplaces.
A major milestone in the company's corporate journey was the IPO opening on December 8–10, 2021, which successfully raised ₹600.04 crore. The shares of Shriram Properties were subsequently listed on the BSE and NSE on December 20, 2021. Shriram Properties Limited has partnered with institutional investors including Walton Street Capital and Starwood Capital Group for investments in property development.
Shriram Properties' first major footprint in Valarpuram was its most ambitious: Shriram One City, a 40-acre township with villas and plots just 20 minutes from Poonamallee, with high appreciation potential besides security and convenience at your doorstep, and the amenities and social benefits of a mini-city. The township was structured across three distinct releases. The project includes Shriram Properties' first plotted development in Chennai, 'Shriram Earth @ One City', followed by phase-2 plots 'Golden Acres'. Shriram One City also houses 'Santrupthi', villas designed for privacy.
The project is located near Saveetha Medical College, right on Arakkonam Highway in Chennai's fast-growing corridor, the Sriperumbudur–Oragadam Belt. Santrupthi, the villa component, carried RERA registrations TN/01/BUILDING/0191/2018 and TN/01/BUILDING/0408/2020. Golden Acres, the phase-2 plotted release, is registered as RERA Number TN/01/LAYOUT/6160/2022. One City established the basic thesis for everything Shriram has done in Valarpuram since: curated gated communities at township scale, sitting on the NH48 corridor, offered to mid-market buyers who cannot find equivalent value closer to Chennai's core.
Shriram Codename Jackpot in Valarpuram, near Thirumazhisai, Chennai, offers 162 well-planned plots across 9.73 acres. With sizes from 600 to 2,400 sq. ft., internal black tar roads, and modern amenities, it ensures a premium living experience. The project is addressed on Kondavakkam Road, Valarpuram, Chennai, Tamil Nadu 602105.
Located in a developing area, the plots are affordably priced and come planned with internal black tar roads and streetlights. The Codename branding — used across multiple Shriram launches in this belt — signals a pre-launch or early-launch pricing window, positioned for buyers who want to enter before infrastructure improvements fully capitalise into land values. Shriram Codename Jackpot is located near Thirumazhisai and offers villa plots in a secure, gated community. These plots range in size to suit different needs and are close to major highways, upcoming metro stations, and industrial hubs. Key highlights include 24/7 security, landscaped gardens and excellent connectivity.
Shriram Properties does not launch multiple projects in the same micro-market by accident. The Valarpuram cluster makes geographic and economic sense on several counts.
The locality sits just 8 km from Poonamallee Junction and 3 km from the Chennai–Bangalore Highway (NH48), and is close to Thirumazhisai Satellite Township, one of CMDA's largest upcoming integrated developments. Valarpuram benefits from its proximity to the Sriperumbudur–Oragadam industrial corridor, home to global manufacturers including Hyundai, Samsung, Dell, and Saint-Gobain. The increasing employment opportunities in this belt are creating strong housing and land demand from mid-income buyers.
The development of Valarpuram proceeds through government-backed infrastructure projects and economic programs which place the area inside the Chennai–Bangalore Industrial Corridor (CBIC). The Sriperumbudur Industrial Belt alone counts over 100 companies and 50,000-plus job opportunities, while the Oragadam SEZ is home to 40-plus global companies including Renault, Royal Enfield, TVS, and Mercedes-Benz.
Connectivity is layered. The future Bangalore–Chennai Expressway is expected to act as a catalyst for property market values in the corridor. The planned CMRL Metro Expansion project will make travelling easier for people living in Thirumazhisai and surrounding suburban areas, and there is also proximity to the proposed Maduravoyal–Port Expressway, promising 15-minute access to central Chennai. The ongoing Metro Rail extension up to Poonamallee is expected to boost connectivity and land values in the next two years.
Current plot prices in Valarpuram range between ₹1,700–₹2,600 per sq. ft., depending on approvals and road width. In 2020, similar plots traded at ₹1,000–₹1,200 per sq. ft., indicating a 60–80% appreciation in five years. Compared to plots in Poonamallee, where prices have already crossed ₹4,000–₹5,000 per sq. ft., Valarpuram offers a lower entry point with higher appreciation headroom, making it one of the last affordable plotted belts near Chennai's western growth corridor.
For a Shriram Properties buyer specifically, the price story is reinforced by brand assurance. In 2023 the company was awarded a CRISIL A–Stable Credit Rating. Shriram Properties turned over nearly 3,000 units and plots by 2024, setting a new internal record. Shriram Golden Acres, the phase-2 plotted release within One City, carried the DTCP Layout Approval and Valarpuram Panchayat approvals before marketing — a regulatory completeness that not all plotted developers in this corridor match.
Valarpuram is the most concentrated node of Shriram activity in Chennai, but it sits within a wider city strategy. Notable projects across Chennai include Shriram 122 West in Mangadu, Shriram Park 63 in Perungalathur, and Shriram Temple Bells in Guduvanchery. Shriram Park 63, on GST Road near Tambaram, is described as Chennai's first integrated township with commercial, residences and a mall, with close proximity to MEPZ, ZOHO, Mahindra World City and Oragadam. In February 2025, Shriram Properties signed a joint development agreement for a 3.2 lakh sq. ft. premium residential project in Koyambedu, Chennai, with a projected revenue of ₹350–400 crore. Across this Chennai portfolio, the Valarpuram cluster remains the developer's most fully realised plotted township zone — built incrementally from 2018 through the current Codename launches.
