Shriram Properties Ltd (SPL), a leading property developer, has guided for sales bookings of ₹3,300-3,500 crore in FY27, backed by a strong project pipeline, healthy residential demand and accelerated execution across key markets.
The company expects sales volumes of 5-5.5 million sq. ft. during FY27, while customer collections are projected at ₹2,100-2,200 crore. Project deliveries are estimated at 4-4.5 million sq. ft. with completion of 7-8 projects during the year.
Strong revenue visibility
With nearly 85% of its ongoing project portfolio already sold and the balance inventory expected to be absorbed over the next few quarters, SPL said it has strong visibility for revenue recognition of around ₹4,000 crore over the next three years.
The company also has over 18 million sq. ft. of projects lined up for launch over the next three years and plans to continue adding projects through its business development pipeline. It expects to add 7-8 million sq. ft. of projects with gross development value of ₹5,000-6,000 crore in FY27.
Focus on mid-market housing
Chairman and Managing Director M. Murali said that the company remains focused on accelerated execution, disciplined capital allocation and stronger delivery momentum to sustain growth.
He said the strong performance in FY26 and momentum in the March quarter have strengthened the company’s confidence for the coming years.
The company said India’s residential real estate sector continues to remain resilient despite global uncertainties, with mid-market and upper mid-market housing segments continuing to witness healthy demand. Bengaluru, Chennai, Kolkata and Pune remain key focus markets for the company.
FY28 targets
SPL has set a FY28 target of achieving sales value of over ₹5,000 crore, revenues exceeding ₹2,500 crore and profit before tax of more than ₹250 crore.
The company said its low gearing, partnership-led growth strategy and calibrated product mix position it well to capitalise on future opportunities while maintaining capital efficiency. SPL also expects to recognise over ₹14,000 crore of revenues over the next five to seven years.