te Shriram Properties, ASK Property Fund to jointly invest Rs 206 crore in Chennai project | Zee Business

Shriram Properties, ASK Property Fund to jointly invest Rs 206 crore in Chennai project

The joint investment is "towards 100 per cent of development rights in an ongoing project in Chennai, through SPL's wholly owned subsidiary Shrivision Elevations Pvt Ltd."

Shriram Properties, ASK Property Fund to jointly invest Rs 206 crore in Chennai project
The project comprises of around 1,900 residential units, predominantly targeting the mid-income group.(Image credit: PTI/Representative)

Realty firm Shriram Properties Ltd (SPL) and ASK Property Fund on Wednesday announced a joint investment of Rs 206 crore in a residential project in Chennai.

The joint investment is "towards 100 per cent of development rights in an ongoing project in Chennai, through SPL's wholly owned subsidiary Shrivision Elevations Pvt Ltd."

The project acquisition formalities were completed and are being launched as "Shriram 122 West" shortly.

TRENDING NOW

With a total saleable area of 1.9 million square feet spread across two phases, the project has an aggregate revenue potential of Rs 1,200 crore in the next 5 years.

The project comprises of around 1,900 residential units, predominantly targeting the mid-income group.

Written By: PTI
Updated: Wed, Aug 23, 2023
04:05 pm
New Delhi, PTI
RELATED NEWS
Shriram Properties Q2 results: Sales bookings up 40% to Rs 608 crore on strong housing demand Shriram Properties Q2 results: Sales bookings up 40% to Rs 608 crore on strong housing demand
Shriram Properties Q4 profit falls 76% to 15.8 crores; FY23 profit jumps nearly 4-fold to Rs 68 crore Shriram Properties Q4 profit falls 76% to 15.8 crores; FY23 profit jumps nearly 4-fold to Rs 68 crore

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x