Advertisement

Shriram Properties Unveils New Project With Rs 350 Cr Revenue Potential

Featuring 414 units spread across 6 towers, the development offers a variety of spacious two-bedroom and three-bedroom apartments meticulously designed to embody the essence of Balinese architecture and lifestyle

Shriram Properties, a well known name in the residential development sector in South India, has unveiled its latest venture, the "Codename Ultimate" residential project near Electronic City, Bengaluru. 

This latest offering, which is RERA-approved, marks a significant milestone in the company's portfolio, boasting a project revenue potential of Rs 350 crores.

The "Codename Ultimate" project is being developed under the joint development model, encompassing an aggregate saleable area of approximately 5.0 lakh square feet. With a focus on providing residents with a tranquil and harmonious living environment, the Balinese-themed project prioritises open spaces, covering over 70 per cent of the total area.

Featuring 414 units spread across 6 towers, the development offers a variety of spacious two-bedroom and three-bedroom apartments meticulously designed to embody the essence of Balinese architecture and lifestyle. 

Situated just a stone's throw away from Electronic City, the project seamlessly integrates contemporary living with natural landscaping, offering residents easy access to essential amenities such as upcoming metro stations, healthcare facilities, educational institutions, and the city centre. Its proximity to premier schools, colleges, and hospitals makes it an ideal choice for professionals seeking a well-rounded lifestyle.

At the heart of the project lies its expansive 14,000 square foot clubhouse, designed to cater to a diverse range of recreational and wellness activities. With over 40 world-class modern amenities, the clubhouse serves as a hub of activity and relaxation for residents of all ages. From state-of-the-art fitness facilities to vibrant social spaces and tranquil meditation areas, the clubhouse provides something for everyone, fostering a vibrant and inclusive community environment.

Shriram Properties has a strong track record in this micro-market, having completed and delivered over 2,700 units across 3 projects—Shriram Summit, Shriram Signiaa, and Shriram Smirithi—in the vicinity over the past 3-5 years. Currently, the company is in the process of handing over another approximately 650 units in Shriram Liberty Square, which was completed recently. Besides delivering quality homes with modern amenities, these projects have also witnessed significant value appreciation over the years, adding to the company's credibility.

Vivek Venkateswar, Chief Sales & Marketing Officer at Shriram Properties, expressed optimism about the launch, highlighting the growing demand for high-quality housing in and around Electronic City. 

He emphasised the project's strategic positioning to address this market gap and cater to the needs of prospective homebuyers aspiring for a world-class lifestyle. With its impeccable design, world-class amenities, and strategic location, the "Codename Ultimate" project is poised to redefine luxury living in Bengaluru's burgeoning real estate landscape.



Tags assigned to this article:
real estate bengaluru