Shriram Properties Limited (SPL), a prominent Bengaluru-based real estate developer, has announced the launch of a new residential project in South Bengaluru’s bustling Electronic City. Titled Codename: The One, the project is set to offer 340 premium 2 and 3 BHK apartments, with an estimated revenue potential exceeding ₹350 crore. This strategic development aligns with the city’s growing demand for modern, well-connected urban living spaces.
With a vision to elevate South Bengaluru’s residential landscape, Shriram Properties aims to introduce South Bengaluru’s largest sky terrace, making this project a standout in the region. The location near the Bommasandra Metro Station and medical giant Narayana Hrudayalaya offers proximity to major IT hubs, ensuring future residents a well-connected lifestyle in the heart of one of India’s fastest-growing tech ecosystems.
Project Details
Codename: The One – Key Highlights:
- Location: Electronic City, South Bengaluru
- Total Saleable Area: Approx. 5 lakh square feet
- Type of Apartments: Premium 2 and 3 BHK
- Number of Units: 340 apartments
- Revenue Potential: ₹350 crore+
- Sky Terrace: South Bengaluru’s largest
- Proximity: Close to Bommasandra Metro Station and Narayana Hrudayalaya
- Estimated Completion Time: 3 years
Strategic Location Benefits
The Codename: The One project is strategically located near key infrastructure such as the Bommasandra Metro Station, which will significantly ease commuting for its residents. Additionally, the nearby Narayana Hrudayalaya ensures that health services are just a stone’s throw away, while proximity to major IT hubs such as Electronic City and the surrounding tech parks makes it an attractive choice for tech professionals and their families.
Developer’s Vision for the Project
Vivek Venkateswar, Director of Strategic Marketing and Partnerships at Shriram Properties, shared, “This project reflects our belief that modern urban living can be intentional, well-connected, and designed for real lives. Backed by product quality and location, we believe this project will uplift the micro-market and transform it into a vibrant mid-premium residential hub.”
Future Growth Plans
Shriram Properties is keen on expanding its footprint in the real estate market. Gopalakrishnan J, Executive Director and CEO of Shriram Properties, revealed, “We are excited about this launch given its unique design and elevated lifestyle offerings. The launch follows the overwhelming success of our Pune project Codename Superstar.” The company has set ambitious goals for the future, including doubling sales to ₹5,000 crore, tripling revenue to ₹3,000 crore, and quadrupling profits to more than ₹250 crore in the next three years.
Quick Facts Summary
| Project Name | Codename: The One |
|---|---|
| Location | Electronic City, South Bengaluru |
| Revenue Potential | ₹350 crore+ |
| Type of Apartments | Premium 2 and 3 BHK |
| Total Saleable Area | Approx. 5 lakh sq. ft. |
| Sky Terrace | South Bengaluru’s largest |
| Proximity | Bommasandra Metro Station, Narayana Hrudayalaya |
| Completion Timeline | 3 years |
| Number of Units | 340 apartments |
Quotes from Officials
- Vivek Venkateswar, Director of Strategic Marketing and Partnerships:
“Modern urban living should be intentional and well-connected. Our new project reflects this belief, with its unique design and strategic location, set to transform the region into a dynamic residential hub.” - Gopalakrishnan J, Executive Director and CEO:
“We are thrilled with the launch of Codename: The One after the success of our Pune project, Codename Superstar. The project is designed with modern living in mind, offering premium features and elevated lifestyle offerings for our residents.”
FAQ Section
1. What is the projected revenue potential for Shriram Properties’ new project in Bengaluru?
The projected revenue potential for Codename: The One is ₹350 crore+, according to Shriram Properties.
2. What types of apartments will be available in the Codename: The One project?
The project will feature premium 2 and 3 BHK apartments.
3. What is the estimated timeline for the completion of the project?
The Codename: The One project is expected to be completed in 3 years.
4. Where is Codename: The One located in Bengaluru?
The project is located in South Bengaluru’s Electronic City, close to key locations such as Bommasandra Metro Station and Narayana Hrudayalaya.
5. How many units will be available in the Codename: The One project?
There will be 340 premium apartments available in the project.