Shriram Properties unveils Balinese-themed residential project near Electronic City, Bengaluru
Shriram Properties, a prominent residential developer in South India, has announced the commencement of its newest venture, “Codename Ultimate,” a RERA-approved residential project strategically located near Electronic City, Bengaluru. This announcement marks a significant development in the region’s real estate market, introducing a unique Balinese-themed living experience.
Developed under the joint development model, “Codename Ultimate” spans an impressive saleable area of approximately 5.0 lakh square feet, featuring over 400 residential units. Emphasizing the essence of tranquility and harmony, the project dedicates over 70% of its total area to open spaces, mirroring the serene and picturesque landscapes of Bali.
Residents will have the option to choose from spacious two-bedroom and three-bedroom apartments, each meticulously designed to reflect Balinese architectural and lifestyle elements. Positioned just minutes away from Electronic City, the project promises a seamless blend of contemporary urban living with natural beauty, ensuring easy access to essential services like the upcoming metro station, quality healthcare, educational institutions, and the city’s vibrant center.
The project’s crown jewel is its expansive 14,000 square foot clubhouse, equipped with more than 40 modern amenities catering to the wellness and recreational needs of all age groups. This includes state-of-the-art fitness centers, social spaces, and serene meditation areas, creating a dynamic and inclusive community hub.
Shriram Properties is no stranger to this micro-market, having successfully completed and delivered over 2,700 units across three projects (Shriram Summit, Shriram Signiaa, and Shriram Smirthi) in the vicinity in the last 3-5 years. The company is also in the process of handing over another ~650 units in Shriram Liberty Square, reinforcing its commitment to delivering quality homes and generating value for its customers.
Vivek Venkateswar, Chief Sales & Marketing Officer at Shriram Properties, commented on the launch, emphasizing the project’s alignment with the burgeoning demand for high-quality housing near Electronic City. He stated, “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. This spurred our decision to prioritize 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.”