SHRIRAM KOYAMBEDU — New Project Coming Up in Koyambedu, Chennai

Central Chennai Location Draws Developer Attention

Shriram Properties Limited has signed a Joint Development Agreement to develop a premium residential project in Koyambedu, Chennai, spanning 3.2 lakh sq ft of saleable area. The project represents the developer's continued focus on well-established urban micromarkets across South India.

Once recognised mainly for its bus terminus and market, Koyambedu has been steadily developing into one of Chennai's most sought-after residential areas, with its strategic location between Anna Nagar, Vadapalani, and Arumbakkam placing it at the centre of the city's expansion.

Project Scope and Timeline

Spread across 3+ acres, the premium residential complex is designed with a total saleable area of 3.2 lakh sq ft, ensuring spacious and well-planned residences for modern homebuyers. The project offers modern 3 BHK and 4 BHK apartments designed to deliver luxurious comfort, functional living and seamless connectivity.

With an estimated revenue potential of ₹350 – ₹400 crore, Shriram Koyambedu is expected to launch in early 2026, with possession scheduled for December 2029.

About the Developer

Shriram Properties Ltd, one of South India's leading residential real estate developers, marked a major milestone as it celebrates 25 years of operations in 2024-25, having steadily grown from its debut project in Bengaluru in 2000. Its core markets—Bengaluru, Chennai, and Kolkata—collectively contribute to nearly 85% of its development activities.

Shriram Properties has delivered over 48 completed projects, covering approximately 27.6 million square feet of built-up space, spanning multiple categories including apartments, villas, plotted developments, and integrated townships.

The developer's positioning strategy in Koyambedu centers on mid-to-premium apartments in locations where land is scarce and connectivity is already built out, focusing on convenience and centrality rather than acreage and greenery.

Location and Connectivity

The project is well connected via Koyambedu Metro Station, Poonamallee High Road and major bus routes. The area has strong connectivity through Jawaharlal Nehru Salai, access to metro stations, proximity to Anna Nagar, Vadapalani, Arumbakkam and Aminjikarai, and the massive Koyambedu market ecosystem.

Koyambedu is well-connected via NH-45, NH-4, and NH-5, ensuring seamless travel across Chennai, with easy access to Inner Ring Road and Poonamallee High Road.

The area offers a mix of residential and commercial spaces, good infrastructure, and easy access to educational institutions and healthcare facilities.

Development Model

This development aligns with Shriram Properties' asset-light strategy, ensuring high-quality homes at competitive prices. The asset-light model through joint development agreements allows the developer to access premium urban parcels while managing balance-sheet efficiency, a structure the company has used across South Indian markets.