Shriram Properties on Wednesday announced the launch of its latest RERA-approved residential project under the “Codename Ultimate” near Bengaluru. The project is being developed under the joint development model, with an aggregate saleable area of around 5.0 lakh square feet. This 400+ unit Balinese-themed project, characterized by its tranquil and harmonious ambience, prioritizes open spaces, encompassing over 70 per cent of the total area, the company said in a regulatory filing.
The development offers a selection of spacious two-bedroom and three-bedroom apartments, meticulously designed to reflect the essence of Balinese architecture and lifestyle. The strategic location offers easy access to the nearest upcoming metro station, quality healthcare facilities, and the city center. Moreover, being situated close to premier schools, colleges, and hospitals, it is an ideal choice for professionals seeking a well-rounded lifestyle, the firm stated.
The project’s centerpiece is its expansive 14,000 square foot clubhouse, designed to accommodate a variety of recreational and wellness activities. With over 40 world-class modern amenities, the clubhouse caters to residents of all ages, providing a diverse range of options for leisure and well-being.
The company has already completed and delivered over 2,700 units across 3 projects (Shriram Summit, Shriram Signiaa and Shriram Smirithi) in this neighborhood during the last 3-5 years. It is in the process of handing over another ~ 650 units in Shriram Liberty Square, completed recently.
Vivek Venkateswar, Chief Sales & Marketing Officer, Shriram Properties, said, “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. Despite the prevailing focus on Electronic City, there’s a rising demand for superior residences in adjacent regions. 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.”