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Shriram Properties organizes draw of lots for Shriram Grand City in Kolkata

A one-of-a-kind event by a real estate major in the City of Joy

Kolkata 09 August 2016: Owing to a huge response received for the recently launched project – ‘Shriram Grand City’ in Kolkata, the South Indian real estate major Shriram Properties organized a draw of lots at Science City on August 9, 2016. The project is an integrated township spread over 386 acre at Uttarpara. This was a one-of-a-kind event attended by over 1000 customers during the much awaited draw.

Shriram Properties organizes draw of lots for Shriram Grand City in Kolkata

Shriram Properties organizes draw of lots for Shriram Grand City in Kolkata

The draw of lots, projected on a big screen electronic display, was unique as the entire process was done in a very Transparent and Credible manner, in the presence of all applicants who had submitted their applications. Conducted by an independent body of very high repute, out of 1000 apartments in the project, 850 were allotted at the event.

On the unit stocks offered for first stage of the draw of lots process, Shriram Properties received an overwhelming response and has created a record in the current challenging market environment.

Speaking on the occasion, Mr. M Murali, Managing Director, Shriram Properties said, “Shriram Properties forayed into West Bengal with the launch of Shriram Grand City at Uttarpara. The USP of the project is its price point and location with its easy accessibility to nearby local stations. .”

He further added, “With current and subsequent developments proposed in Shriram Grand City, Shriram Properties will address the aspirational and emotional needs of customers in a holistic way.”

About Shriram Properties

Shriram Properties, the property development arm of the Rs. 90000 cr financial giant   Shriram Group, Chennai, is a multi-crore company with nearly Rs  25000 crs business across the country. The company has so far delivered over 12 million Sq ft  of  residential and commercial built up  space across the country and another around 60 million sq ft.  is under various stages of development.

One of the forerunners in Indian Real Estates, Shriram properties is a trusted and highly credible developer having attracted huge PE investments. World majors   Walton street, Starwood capital, TPG Capital, TATA Opportunities Fund, HYPO, Sun Apollo, ASK, Motilal Oswal, Amplus, ICICI Prudential  have invested in Shriram Properties -  aggregating to US $ 435 million.

 About Shriram Grand City

‘Shriram Grand City’ is spread over 386 acres with a well-planned social infrastructure within the township and offers dedicated zones for residential, commercial, office/IT, retail, educational institutions, hospitality and recreational areas. The integrated township offers a complete housing opportunity set amidst a liberal green space, maintained with the help of smart sanitation, solid waste management and recycling systems. Planned open spaces & walkable localities powered by solar energy makes it a sustainable and smart township. The township offers connectivity of every kind. Being always connected through WiFi can be experienced within the township. The network of roads caters to transport that takes you right to your doorstep. The township creates an all-inclusive environment with live-work-play lifestyle and recreates the magic of life and living by addressing the problems of a city.