Bangalore Property developer Shriram Properties looking at Private Equity of Rs 400 cr plus

The 60,000/- Crores real estate enterprise, Shriram Group is planning to develop huge residential projects in the city of Chennai & Bangalore by infusing an amount of more than Rs. 400 crores from private equity players.

With more than four real estate projects in Bangalore and around 3 projects lined in Chennai, the total residential development that the company is eyeing is around 200 acres.

The company already has, among other properties, a prime land parcel of 12.5 acres in Sarjapur Road, Bengaluru.

Currenty Shriram properties, founded by  R Thyagarajan, AVS Raja and T Jayaraman almost thirty years ago, has more than 20 million sq ft of real estate developments under its belt. These include locations like Vizag, Kolkata, Coimbatore also.

With 3/4th of its portfolio consisting of residential properties and 1/4th consisting of commercial real estate, Shriram properties is looking at the right projects with the help of the funds that it plans to generate from leading real estate private equity companies.