LocationHennur Road, Bengaluru
Deal typeJoint Development
Net saleable area~ 400,000 sq.ft
Project typeMid segment residential apartments
Product Mix2 & 3 BHK apartments
Product configuration(Built-up area)2BHK - 1193 sq.ft2.5BHK - 1440 sq.ft3BHK - 1590 sq.ft
ArchitectsAslam Architects & Interior Designers
Investment commitment dateJuly'14
Sales63% units sold- off
Current statusAll approvals received; Podium slab casted; All major contracts awarded
Shriram Luxor, a mid-segment apartment project in joint venture (JV) with Shriram Properties, was officially launched on Jul 12, 2015 amid overwhelming response from the IT population of Bengaluru. Luxor's locational advantage owing to proximity to the airport and the iconic 10.5 mn sq.ft 'Manyata Tech-Park' coupled with good connectivity to the rest of Bengaluru have made it a huge hit among the large IT population.
All major contracts for the site have been duly awarded and the construction on the site is on at full pace. More than 60% of the project has been sold and a part- exit has already been secured from the project.
Launched in 1995, Shriram Properties is part of ₹ 60,000 cr. financial conglomerate - Shriram Group. The group has delivered more than 8.36 mn sq.ft. of built-up space and has another 45.85 mn sq.ft. under development. A renowned name in the private equity (PE) fraternity, Shriram Group has partnered with companies such as ICICI, Sun - Apollo, Walton Street, Tata Opportunities Fund and ASK in the past.