March 14, 2024: Real estate developer Shriram Properties on March 13, 2024, announced the launch of its latest RERA-approved residential project Codename Ultimate with a revenue potential of Rs 350 crore. Located near Electronic City, Bangalore, the project is being developed under the joint development model, with an aggregate saleable area of around 5 lakh square foot (sqft). This Balinese-inspired project has 414 units across six towers featuring integrated coworking spaces and ample open areas.
The development offers a selection of two-bedroom and three-bedroom apartments. Situated just a few minutes away from Electronic City, the project’s strategic location offers easy access to the nearest upcoming metro station, quality healthcare facilities and the city center. Moreover, it is situated close to premier schools, colleges and hospitals.
The project features a 14,000 sqft clubhouse, designed to accommodate a variety of recreational and wellness activities. Boasting over 40 world-class modern amenities, the clubhouse caters to residents of all ages, providing a diverse range of options for leisure and well-being, from fitness facilities and social spaces to meditation areas.
Shriram Properties has already completed and delivered over 2,700 units across three projects- Shriram Summit, Shriram Signiaa and Shriram Smirithi- in this neighborhood during the last 3-5 years. The company is in the process of handing over another 650 units in Shriram Liberty Square, which has been completed recently.
Vivek Venkateswar, chief sales and marketing officer, Shriram Properties, said, “The convergence of employment opportunities, robust connectivity and the growing need for high-quality housing in and around Electronic City has positioned the area as an optimal destination for both homebuyers and investors. Despite the prevailing focus on Electronic City, there’s a rising demand for superior residences in adjacent regions. This spurred our decision to prioritise the launch of our project under Codename Ultimate, addressing this market gap. We envision this project as the preferred choice for prospective homebuyers aspiring for a world class lifestyle.”
Shriram Properties launches a new residential project under the “Codename Ultimate”, with project revenue potential of ₹ 350 crores
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