Shriram Properties to invest Rs 15,000 cr on realty projects

Shriram Properties will invest Rs 15,000 crore over the next 7-8 years for the development of around 30 ongoing projects, largely residential, across six major cities.

Chennai-based Shriram Properties, the real estate arm of financial giant Shriram Group, has also decided to focus on affordable housing after the government's decision to accord infrastructure status to this segment as well as provide other tax sops and interest subvention to home buyers and builders.

"We have completed and delivered about 15 million sq ft and are currently developing 25-30 projects comprising 60 million sq ft area in Chennai, Bengaluru, Hyderabad, Vizag, Coimbatore and Kolkata," company's Managing Director M Murali told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)