Codename Ultimate launched near Electronic City with 70% opening weekend sales
Strong Opening for Codename Ultimate in Electronic City
Shriram Properties sold nearly 70% of its project inventory in Codename Ultimate during its opening weekend, marking a rapid takeoff for the developer's latest RERA-approved residential offering near Electronic City, Bengaluru.
The project is being developed under a joint development model, with an aggregate saleable area of around 5.0 lakh square feet. This 400+ unit Balinese-themed project, characterized by its tranquil and harmonious ambience, prioritizes open spaces, encompassing over 70% of the total area.
Location and Connectivity
Situated just a few minutes away from Electronic City, the project is designed to seamlessly integrate contemporary living with natural landscaping. This strategic location offers easy access to the nearest upcoming metro station, quality healthcare facilities, and the city center.
The project sits in Bommasandra, South Bengaluru, at the intersection of key arterial roads. Electronic City Toll Gate, Hosur Road, NICE Road, and Chandapura all provide direct connectivity, positioning residents close to major employment zones and industrial hubs.
Unit Configuration and Amenities
The development offers a selection of spacious two-bedroom and three-bedroom apartments, meticulously designed to reflect the essence of Balinese architecture and lifestyle. Amenities at Shriram Codename Ultimate include a fully equipped clubhouse, landscaped gardens, a gymnasium, a swimming pool, recreation rooms, outdoor sports courts, a children's play area, a party hall, and state-of-the-art 24/7 security.
Market Position and Developer Track Record
Shriram Properties has strong familiarity with this micro market, as the Company has already completed and delivered over 2,700 units across 3 projects (Shriram Summit, Shriram Signiaa and Shriram Smirithi) in this neighborhood during the last 3-5 years. The Company is in the process of handing over another ~ 650 units in Shriram Liberty Square, completed recently.
The rapid sales response reflects market confidence in the location and the developer's execution capability in the Electronic City corridor. Apart from delivering quality homes with modern amenities, these Shriram projects have also yielded significant value appreciation for its customers over the years.
Electronic City as a Residential Destination
Electronic City has evolved beyond its IT-centric origins into a holistic residential destination, with abundant job opportunities, seamless connectivity, reputed educational institutions, and an enhanced lifestyle ecosystem. The area is home to major IT parks and multinational companies, with leading corporations such as Infosys, Wipro, HCL, and Tech Mahindra operating in the region.
Infrastructure improvements, including the introduction of the Namma Metro Yellow Line connecting RV Road to Bommasandra, have strengthened the investment case for residential projects in adjacent areas like Bommasandra. The improved connectivity has reduced commute times and increased accessibility for IT professionals working across the Electronic City phases.
Project Specifications
- Total units: 400+
- Total saleable area: ~5.0 lakh square feet
- Unit types: 2 BHK and 3 BHK apartments
- Land area: ~5.65 acres
- Number of towers: 6 towers with basement, ground floor, and 8 residential floors
- Open space: Over 70% of total area
- Revenue potential: ₹350 crore