Shriram Properties strikes gold with “Codename Ultimate” near Electronic City, Bengaluru
In a remarkable demonstration of market strength and customer trust, Shriram Properties has recorded an unprecedented success with its newly launched project, “Codename Ultimate”, situated in proximity to Electronic City, Bengaluru. Within the opening weekend, the renowned South Indian residential developer announced that nearly 70% of the inventory has been sold, signaling a robust demand in the real estate sector. The deal’s financial details underline the project’s attractiveness, emphasizing the economic and strategic significance of this development.
“Codename Ultimate” distinguishes itself with a unique Balinese theme, offering over 400 residential units across an expansive saleable area of approximately 5.0 lakh square feet. The project’s design philosophy prioritizes tranquility and harmony, with a special emphasis on open spaces, catering to a growing consumer preference for serene living environments within urban settings.
Shriram Properties, with a deep-rooted presence and understanding of the micro-market around Electronic City, has a proven track record of over 2,700 units delivered in the vicinity through projects such as Shriram Summit, Shriram Signiaa, and Shriram Smrithi over the past three to five years. Furthermore, the company is in the advanced stages of handing over an additional 650 units in Shriram Liberty Square and is preparing for the delivery of around 500 units in Phase-1 of Shriram 107 South East in the forthcoming quarters. This sustained performance and delivery commitment have not only cemented Shriram Properties’ reputation for quality and reliability but have also contributed to significant value appreciation for its customers.
Vivek Venkateswar, the Chief Sales & Marketing Officer of Shriram Properties, expressed his satisfaction and optimism regarding the project’s reception, attributing the success to the strong product offering and its value proposition. “We were confident of offering a very strong product for our customers which has been well received. Customers were delighted with the concept that the Project showcased, and its excellent value proposition. We are thankful to the customers for the confidence reposed and we remain committed to delivering considerable value,” stated Mr. Venkateswar.
The early success of “Codename Ultimate” serves as a testament to the resilient demand in Bengaluru’s real estate sector, particularly for projects that offer a unique living experience and value for money. Shriram Properties’ strategic focus on this micro-market, coupled with its consistent delivery record, positions the company favorably for future projects and reinforces its leadership in South India’s residential development sector.