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SHRIRAM PROPERTIES, ASK PROPERTY FUND INVEST RS 206 CR
Construction Week
|September 2023
Shriram Properties and ASK Property Fund have announced a joint investment of Rs. 206 crores towards 100% of development rights in an ongoing project in Chennai. This was done through SPL's wholly-owned subsidiary, Shrivision Elevations. The project acquisition formalities were completed and will be launched as 'Shriram 122 West' shortly.
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The project is in Mangadu, in close proximity to the Porur-Manapakkam IT cluster and the upcoming metro corridor. With a total saleable area of 1.9 million square feet spread across two phases, it has an aggregate revenue potential of Rs 1,200 crores in the next five years. The project comprises
This story is from the September 2023 edition of Construction Week.
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