SHRIRAM KOYAMBEDU PREMIUM RESIDENTIAL (JDA FEBRUARY 2025) — New Project Coming Up in Koyambedu, Chennai
Shriram Properties Enters Koyambedu with Joint Development Agreement
Shriram Properties Limited (SPL) has signed a Joint Development Agreement (JDA) to develop a premium residential project in Koyambedu, Chennai, a key micro-market in the city. The announcement, made in February 2025, marks the company's strategic expansion into one of Chennai's fastest-growing neighbourhoods.
Project Scope and Timeline
The project will span 3.2 lakh sq ft of saleable area and is expected to generate ₹350–400 crore in revenue over the next three years. SPL aims to launch the project in early FY26, with possession scheduled for December 2029.
The development is spread across 3+ acres and will offer spacious 3 and 4 BHK apartments with sizes ranging from 1,465 to 2,835 sq. ft. With a starting price of ₹1.94 crore onwards, the project caters to discerning homebuyers seeking premium homes in a prime Chennai location.
Strategic Location and Connectivity
Strategically located, the project offers excellent connectivity, with a Metro station, railway station, and essential infrastructure facilities in proximity. More specifically, the Koyambedu Metro Station, part of the Green Line, connects residents directly to Chennai Central, Egmore, and the CMBT hub.
Its strategic location between Anna Nagar, Vadapalani, and Arumbakkam places it at the centre of the city's expansion, making commute easy, accessible and reliable thanks to the Chennai Metro. In recent years, property values and rental demand in the area have surged, drawing both homebuyers and investors to flats for sale in Koyambedu.
Social Infrastructure
Educational institutions such as Chinmaya Vidyalaya, DG Vaishnav College, and Velammal Matriculation Higher Secondary School ensure excellent academic access for families with children. Healthcare facilities are comprehensive, with Apollo Hospital, SIMS Hospital, and MIOT International located within a short drive, while Be Well Hospital Anna Nagar is less than a kilometre away, offering round-the-clock medical support.
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 in the country.
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. It also has a strong pipeline of 41 projects with 35.3 million square feet of area. Its core markets—Bengaluru, Chennai, and Kolkata—collectively contribute to nearly 85% of its development activities.
This expansion strengthens SPL's project pipeline and growth momentum, reinforcing its position as a key mid-market and mid-premium residential developer in South India.