SHRIRAM UNDRI MIXED-USE PROJECT (PUNE) — New Project Coming Up in Undri, Pune
Shriram Properties Enters Pune with Undri Mixed-Use Development
Shriram Properties has signed a joint development agreement for a six-acre prime land in Undri, Pune, and will develop over 650 apartments and retail/commercial spaces with an aggregate saleable area of over 1 million sq ft. The project carries an aggregate revenue potential of Rs 700-750 crore, with the company targeting launch during H2, FY25.
The project is a premium mixed-use development offering 2 and 3 BHK apartments, retail shops, and office spaces with modern facilities. This marks a strategic expansion into Pune for the developer, which was established in 1995 and is headquartered in Bengaluru.
Location and Connectivity
Undri is located in the south-eastern part of Pune, Maharashtra, and is a rapidly developing residential locality known for its serene environment, modern infrastructure, and burgeoning real estate market.
The locality benefits from strong transportation links. Undri connects well to IT and commercial zones like Magarpatta City, SP Infocity, and Hadapsar via Katraj-Undri-Hadapsar Bypass, NIBM Road, and the Mumbai-Pune Expressway. This location is particularly convenient for professionals working in these areas, offering quick commutes while preserving a peaceful suburban lifestyle.
The area is situated close to key zones such as Hadapsar, NIBM Road, Camp, and Magarpatta, with good connectivity to Pune Railway Station, Pune Airport, and multiple industrial zones via well-maintained road networks.
Project Amenities and Focus
Shriram Properties strongly emphasizes sustainability, with features like rainwater harvesting, energy-efficient lighting, and waste management systems, ensuring an eco-friendly environment for residents and businesses alike. Security is also a top priority, with 24/7 surveillance, controlled access points, and dedicated security personnel to ensure a safe and secure community.
The retail and commercial component is well-suited for businesses looking to tap into the growing residential population in Undri and neighboring areas, with high foot traffic from residents making it a promising option for retail outlets, small offices, and service-based enterprises.
About the Developer
The company's headquarters in Bengaluru marks the beginning of an ambitious journey that has extended to major cities such as Chennai, Coimbatore, Visakhapatnam, and Kolkata, signifying Shriram Properties' expansive footprint in the Indian real estate market, especially in the mid-market and mid-market premium housing segments. The company's deep-rooted presence in the industry has led to the successful delivery of 46 projects covering over 25 million square feet of saleable area.
Shriram Properties' ethos is driven by core values such as Trust, Transparency, and Governance, principles that form the foundation of the company's mission to deliver homes and projects that exceed customer expectations while adhering to high standards of ethics, sustainability, and community development.