Shriram Properties has sold around 3.9-acre land parcel located on the GST Road in Chennai to a large healthcare and educational group in South India. The company, through its wholly owned subsidiary–SPL Shelters–owned this land parcel, currently with approvals for the development of a retail asset.ET Year-end Special ReadsThe land parcel is strategically located adjacent to a 4-million-sq-ft fully operational office complex and a 2 million sq ft residential complex, has potential for retail and other commercial development. However, given the company’s focus on residential development, Shriram Properties decided to monetize the land through divestment of its equity holding in the wholly owned subsidiary, the company said in a release.The value unlocking from its non-core land parcel is an integral part of SPL’s guided strategy of staying focused on residential development, with greater emphasis on mid and mid-premium segments and use of monetization proceeds for fuelling growth in the coming years.“This transaction marks a significant step in the company’s plan to unlock value from existing non-core land parcels and redeploy capital for growth funding needs. We believe this move reinforces our commitment to prudent financial management and allows us to focus on accelerating growth in the residential projects across our portfolio,” said Murali M, CMD, Shriram Properties.Shriram Properties has so far delivered 46 projects with a saleable area of 25 million sq ft and has a development pipeline of 42 projects with an aggregate development potential of 40.2 million sq ft, as of September 30. Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Basics of Generative AI: Unveiling Tomorrows InnovationsBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingPerformance Marketing for eCommerce BrandsBy – Zafer Mukeri, Founder- Inara MarketersView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By – Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceA2Z Of MoneyBy – elearnmarkets, Financial Education by StockEdgeView Program MarketingModern Marketing Masterclass by Seth GodinBy – Seth Godin, Former dot com Business Executive and Best Selling AuthorView Program AstrologyVastu Shastra CourseBy – Sachenkumar Rai, Vastu ShashtriView Program StrategySuccession Planning MasterclassBy – Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.View Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)AI and Analytics based Business StrategyBy – Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCIView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By – Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital Marketing Masterclass by Pam MooreBy – Pam Moore, Digital Transformation and Social Media ExpertView Program Artificial Intelligence(AI)AI-Powered Python Mastery with Tabnine: Boost Your Coding SkillsBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By – Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital marketing – WordPress Website DevelopmentBy – Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program Office ProductivityMastering Google Sheets: Unleash the Power of Excel and Advance AnalysisBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy – CA Rahul Gupta, CA with 10+ years of experience and Accounting EducatorView Program Data ScienceSQL Server Bootcamp 2024: Transform from Beginner to ProBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program
Source link
