Shriram Properties Limited has informed the Exchange regarding a press release dated July 04, 2025, titled "Shriram Properties launches a new project under Codename: The One ".
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Shriram Properties has launched a new mid-premium residential project called 'Codename: The One' in Bengaluru's fast-growing Electronic City corridor. The project offers 340 spacious 2 and 3 BHK residences with a total saleable area of around 5 lakh square feet. It carries a revenue potential of over ₹350 crores and will be developed over the next 3+ years. The project is strategically located near Bommasandra Metro and 500+ IT firms including Wipro, Infosys, and HP. This launch follows the company's recent successful maiden launch in Pune under 'Codename Superstar'.
The new project adds meaningful future revenue visibility of ₹350+ crores over 3+ years to the company's pipeline, supporting long-term growth. However, since real estate revenues are recognized over multiple years, the immediate impact on quarterly earnings or stock price is likely limited. The strong Electronic City location near major tech hubs supports demand fundamentals for the project.