Shriram Codename The One Launched; 340 Units, ₹350 Cr Revenue Potential
Shriram Codename The One Launches: 340-Unit Mid-Premium Community
Shriram Properties has announced the launch of its latest residential project under the banner "Codename: The One" in Bengaluru's Electronic City corridor. The project will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion.
Project Specifications and Timeline
The project offers 340 spacious 2 & 3 bed residences with aggregate saleable area of approximately 5 lakh square feet and a revenue potential of over Rs 350 crore, and is expected to be developed over the next 3+ years. The project completion is expected by September 2030, with possession in December 2030.
The project is officially RERA-approved and is in the launch stage.
Location and Connectivity
Strategically located near the Bommasandra Metro station and Narayana Hrudayalaya, the development sits amidst a thriving tech ecosystem comprising over 500 IT firms. Electronic City is still one of India's largest tech hubs, with campuses of Infosys, Wipro, Tech Mahindra, TCS and dozens of mid-sized IT/ITES firms.
The area is connected by a 10-kilometre elevated expressway to Central Bangalore, and NICE road links Electronic City to South and West Bangalore, making commutation easy for residents across the city.
Key Amenities and Design
The project's standout feature is the South Bengaluru's largest Sky Terrace - a breathtaking, elevated lifestyle space offering panoramic views and immersive experiences. The project offers top-end amenities to suit an elevated lifestyle and is set to create a new benchmark for thoughtful urban living.
About Shriram Properties
Shriram Properties Ltd (SPL), one of South India's leading residential real estate developers, marked a major milestone as it celebrates 25 years of operations in 2024-25. From humble beginnings in 2000 with the launch of its debut project, 'Shriram Shriranjani' in Bengaluru, the company has steadily grown into a recognized name in the mid-market and mid-premium segments.
Its core markets—Bengaluru, Chennai, and Kolkata—collectively contribute to nearly 85% of its development activities. The developer has delivered 51 projects spanning over 31.5 million square feet.
In line with its commitment to sustainability, a tree will be planted for every home sold in this project.
Market Context
South Bengaluru corridors such as Electronic City have seen compounded price growth of 20-30% between 2019 and 2024. Electronic City Phase 2 real estate has moved from an "early-stage" zone to a mature, end-user plus investor market, with prices in many gated communities now stabilising in the mid-segment bracket.
Once seen mainly as a "work address" for IT professionals, Electronic City has steadily matured into a full-fledged residential hub with schools, malls, hospitals and metro connectivity.