Shriram Properties donates Rs. 32 lakhs to Akshaya Patra Foundation

Sponsors meal delivery vans to support the Foundation’s mid-day meal programme

Bangalore: Bangalore-based Shriram Properties, one of India’s leading real estate majors, today announced a donation of Rs. 32 lakhs made to Akshaya Patra Foundation, a not-for-profit organization, with the objective to address the larger cause of alleviating hunger among India’s needy children.

Supporting the noble cause of providing nutritious and quality food to children through mid-day meal programme, Shriram Properties has contributed by way of providing meal delivery vans to Akshaya Patra Foundation. The vehicles will help the foundation in catering to the daily mid-day meal requirements of 5000 kids per day, across 10 primary schools in Bengaluru. The vehicle is equipped to maintain a dust-free environment and an optimal temperature, thus retaining the freshness of the meals being transported.

Speaking on the occasion, Shri Sridham Krishna Das, Director, Resource Mobilization, ISKCON expressed, “The vans at Akshaya Patra not only carry freshly cooked nutritious meal for children across India, but also carry smile & hope. We are thankful to Shriram Properties for their generous support in providing nutritious and healthy meal for children.”

“We have been supporting institutions related to children like ‘The Karnataka Welfare Association for the Blind’, besides schools in Chennai, and supporting Akshaya Patra Foundation would be an extension of our work towards ensuring children get the necessary support to become future leaders. To further this endeavor, we wanted to reach the grassroot level of children’s education and thus felt that government primary schools would be a good start,” said Mr. M Murali, Managing Director, Shriram Properties.

“I think more corporates should support such noble initiatives in whichever way possible, as this would have a significant impact on the wellbeing of the society. In my personal capacity, I have been supporting schools in Pudukkottai in Tamil Nadu, my native place, for their needs,” he further added.

About Shriram Properties
Shriram Properties, the property development arm of the Rs. 90000 cr financial giant Shriram Group, Chennai, is a multi-crore company with nearly Rs. 25000 crs business across the country. The company has so far delivered over 12 million Sq ft  of residential and commercial built up  space across the country and another around 60 million sq ft. is under various stages of development.

Shriram Properties has won the prestigious ASSOCHAM Award (Associated chamber of commerce and Industry) for three years, for being the Best Developer in Southern region. The company has also won awards for being the Best Realty Investment Partner in India and the Most Transparent Developer in Southern region.

About Akshaya Patra Foundation
The Akshaya Patra Foundation is a not-for-profit organisation headquartered in Bengaluru, India. Our organisation strives to fight issues like hunger and malnutrition in India, by implementing the Mid-Day Meal Scheme in the government schools and government-aided schools. Akshaya Patra aims not only to fight hunger but also to bring children to school.

Since 2000, the organisation has worked towards reaching more children with wholesome food on every single school day. Akshaya Patra is continuously leveraging technology to cater to millions of children. Its state-of-the-art kitchens have become a subject of study and they attract curious visitors from around the world.

PHOTO CAPTION: Photo 1: (L to R) Mr. M Murali, Managing Director, Shriram Properties; Sri Acharya Ratna Dasa, Unit Head, ISKCON Bangalore, Akshaya Patra Foundation; Shri Lakshamana Dasa, ISKCON Sri Radha Krishna Temple at the Press Conference.

Photo 2: (L to R) Mr. M Murali, Managing Director, Shriram Properties and Sri Acharya Ratna Dasa, Unit Head, ISKCON Bangalore, Akshaya Patra Foundation flagging off the meal delivery vans.

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Comment from Mr. M Murali, Managing Director, Shriram Properties on Demonetisation

VIEWS OF MR. M. MURALI, MANAGING DIRECTOR, SHRIRAM PROPERTIES ON DEMONETISATION

India 9 November 2016: The entire country welcomes PM Modiji’s  (Narendra Modi Prime Minister of India) revolutionary, bold and courageous step, thus fulfilling his commitment to unearth and weed out black money in the system, which will have significant long term benefits for the economy.

I would say, this is a stern measure taken nearly after three decades against black money to check the huge build-up of unofficial money which had happened over the years. The parallel economy is thus effectively checked.

In my view, this measure will have significant impact and also give a boost to all formal channels of payments which is good for the country’s economy to grow at a faster phase.

In general, there may be transitory deflationary impact on the economy but for the long term growth the present step is a boon. Un-organized trade and services, less organized sectors with high cash economy will face the immediate impact. In the long term, as said, this revolutionary step will bring in several benefits with larger amount of money flowing into the mainstream economy.

As to Real Estate, less organized segment will only be affected. Today, most of the reputed developers have good practices already in place and having everything accounted. In the recent past, the industry has already witnessed several welcoming steps like Real estate bill to bring in more credibility and transparency. The organized real estate sector welcomes Prime Minister’s present step as it will further improve sector’s position on transparency and corruption in the global minds thus enabling further capital flow.

As to the market trend, it may have some transitory impact expecting fall in prices, which of course is already bottomed out because of high input costs. Fence sitters may defer their decision for the time being but will understand the reality and come back soon. However, with this check on black money, we can expect fall in land prices and increased bonafide demand for housing particularly affordable housing.

Overall the present measure is a welcome morale booster for the entire nation and economy. Kudos to Modiji for his brave step!

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Bahadur Dhoni and Jyoti Gowate steal the show at Shriram Properties Bengaluru Marathon 2016

The marathon saw a huge turnout of about 15, 000 runners compete at the event

Photo Caption: Photo 1 - Winners at the podium (Full Marathon Elite Male): (L - R) SatyaBhan, Bahadur Dhoni and Hethram

 Photo 2 - Winners at the podium (Full Marathon Elite Female): (L - R) Jyoti Gowate and Jyoti Singh

 Photo 3 & Photo 4 - Participants at the stadium

Bangalore 16 October 2016: The curtains came down on the much awaited marathon of Bangalore – the third edition of Shriram Properties Bengaluru Marathon, which concluded today amongst much fanfare and enthusiasm. The event was flagged off by ace badminton coach Mr. Pullela Gopichand  during the wee hours of the morning,  which saw the city’s running and fitness enthusiast push themselves and complete at the three different categories of the run - the full marathon of 42.195 km, the half marathon of 21.1 km and the Titan Octane 5Km Hope Run. The total prize money was Rs. 30 Lakhs.

There were over 15, 000 runners who participated at the marathon, including a group of 24 visually impaired kids from Samarthanam Trust for Disabled ran the 5Km Hope Run. The hope run had been introduced with a vision of popularizing running within the community, where the spectators came in large numbers to cheer the participants.

The List of Winners:

Full marathon (Elite Male):

Race Ranking	Name	Winning Time
1	Bahadur Dhoni	2:29:10
2	SatyaBhan	2:34:37
3	Hethram	2:35:00

Full marathon (Elite Female):

Race Ranking	Name	Winning Time
1	Jyoti Gowate	2:59:37
2	Jyoti Singh	3:27:37

Half marathon (Elite Male):

Race Ranking	Name	Winning Time
1	Srinu B	1:08:51
2	Belliappa AB	1:08:56
3	Palisette Kiran	1:10:14

Half marathon (Elite Female):

Race Ranking	Name	Winning Time
1	Priti Lamba	1:22:02
2	S Padmavathi	1:24:03
3	Tippavva Sanakki	1:25:28

Speaking on the occasion, Mr. M Murali, Managing Director, Shriram Properties said, “It was exhilarating to see the citizens of Bangalore come out and participate in such large numbers today. We will continue to improve and raise the standard of this event in the subsequent editions, for every citizen of this city to be proud of."

Mr. Nagaraj Adiga, Race Director, Shriram Properties Bengaluru Marathon said, “We are delighted that Shriram Properties has once again extended their undeterred support towards making this marathon a stellar event. It is remarkable to see such enthusiastic participation year after year, and we look forward to make this event bigger in the coming editions.”

The enthusiastic full marathon elite winner Bahadur Dhoni said, “I would like to thank the organizers of the Shriram Properties Bengaluru Marathon and the citizens of Bengaluru for such a great event. I had a wonderful experience participating in the run. The event was well organized with proper facilities provided all through the run. More initiatives such as these is a must for sportsmen in the nation."

The Honorable Home Minister of Karnataka, Dr. G Parameshwara who also presided at the awards ceremony lauded the enthusiasm and spirit of Bengalureans and congratulated the winners. He spoke of the unifying strength of sports. He motivated all the athletes to strive and bring greater glory to the nation at international sports meets.

About Shriram Properties
Shriram Properties, the property development arm of the Rs. 90000 cr financial giant   Shriram Group, Chennai, is a multi-crore company with nearly Rs  25000 crs   business across the country. The company has so far delivered over 12 million Sq ft  of  residential and commercial built up  space across the country and another around 60 million sq ft.  is under various stages of development.

One of the forerunners in Indian Real Estates, Shriram properties is a trusted and highly credible developer having attracted huge PE investments. World majors   Walton street, Starwood capital, TPG Capital, TATA Opportunities Fund, HYPO, Sun Apollo, ASK, Motilal Oswal, Amplus, ICICI Prudential have invested in Shriram Properties - aggregating to US $ 435 million.

Shriram Properties has won the prestigious Assocham Award (Associated chamber of commerce and Industry) in three consecutive years from 2013 to 2015, for being the Best Developer in Southern region. The company has also won awards for being the Best Realty Investment Partner in India and the Most Transparent Developer in Southern region.

About NEB Sports
NEB Sports, organizes big banner events such as Shriram properties Bengaluru marathon, IDBI Federal Life Insurance New Delhi Marathon, IDBI Federal Life Insurance Mumbai Half Marathon and NIDJAM. The Bengaluru 10K Challenge is their flagship 10K event which promotes participants to incorporate running into their lifestyle.

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Namma Bengaluru’s Home Run – ‘Shriram Properties Bengaluru Marathon’ is all set for this Sunday

Bengaluru’s only full marathon on October 16, 2016

Namma Bengaluru’s Home Run – ‘Shriram Properties Bengaluru Marathon’ is all set for this Sunday

PHOTO CAPTION: Photo 1: (L to R) Ms. Nisha Millet, Indian Olympic Swimmer, Ms. Reeth Abraham, Brand Ambassador - SPBM, International athlete and Arjuna Awardee, Mr. Nagaraj Adiga, Race Director, Mr. M Murali, Managing Director, Shriram Properties, Mr. Tom Naylor, Technical Race Director, Brighton Marathon, UK and Ms. Sudha Singh, Indian Olympic Runner lighting the lamp at the Press Conference.

Photo 2: (L to R) Ms. Reeth Abraham, Brand Ambassador - SPBM, International athlete and Arjuna Awardee, Mr. M Murali, Managing Director, Shriram Properties, Mr. Nagaraj Adiga, Race Director, Ms. Sudha Singh, Indian Olympic Runner, Ms. Nisha Millet, Indian Olympic Swimmer and Mr. Tom Naylor, Technical Race Director, Brighton Marathon, UK .

Photo 3: (L to R) Ms. Reeth Abraham, Brand Ambassador - SPBM, Mr. Shridhar Kulkarni, COO Shriram Properties, Mr. M Murali, MD Shriram Properties, Mr. Nagaraj Adiga, Race Director, Ms. Sudha Singh, Indian Olympic Runner, Ms. Nisha Millet, Indian Olympic Swimmer, Mr. Tom Naylor, Technical Race Director, Brighton Marathon, UK  and Mr. M. Mahadeva, Para-athlete and Arjuna awardee.

Bengaluru 15 October 2016: After the resounding success of previous two editions, Shriram Properties Bengaluru Marathon once again beckons the citizens of the city with yet another exhilarating edition of the marathon, touted as the city’s only official full marathon. The marathon aims to attract more than 17,000 runners across all age groups.  This run is AIMS (Association of International Marathons) certified which ensures the distance is measured by a certified official for accuracy for the full and half marathon. The total prize money is a whopping Rs. 30 Lakhs. 
The marathon will start in Kanteerava Stadium and run through the centre of the city including MG Road, Cubbon Road, Indiranagar, Inner Ring Road and other scenic areas. The Full marathon commences at 4:45 am, the half marathon at 5:45 am and 5K Hope run begins at 9:45 am.
The third edition of the marathon was formally announced during a curtain raiser press conference in the city in the presence of accomplished athletes. Unveiling the theme “Home Run of Bengaluru” for the event, Nisha Millet, Indian Olympic Swimmer, who will also be participating in the half marathon said, “India needs to foster a culture of sports, fitness and health among the country’s young and old alike, and it’s initiatives like these that will go a long way in achieving this objective. I’m delighted to be running this marathon on Sunday and help create awareness around this wonderful event.”
The marathon will have three different categories – the full marathon of 42.195 km, the half marathon of 21.1 km and the Titan Octane hope 5K Hope Run. A special feature of the marathon this year would be a group of 24 visually impaired kids from Samarthanam Trust for Disabled, who will be running the 5K Hope Run.

Shriram Properties Bengaluru Marathon is associated with four NGOs, viz. ‘Athletes Sports Aid - Support upcoming athletes’, ‘Isha Vidya - Rural India Education’, ‘Om Ashram Trust - Senior Citizen Care’, and ‘I Support Foundation - Care and Support for Autistic Children’ as the funds raised for the event goes to them.

Speaking on the occasion, Mr. M Murali, Managing Director, Shriram Properties said, “Bengaluru needs a marathon which they can call their own, and Shriram Properties Bengaluru Marathon is dedicated to the citizens of the city which they can proudly call Namma Marathon. We are happy to encourage and propagate good health, healthy living and be the torchbearers of sensible living within the city.”

He further added, “We are a home-grown company, and have played an integral part in the development of this city over the last two decades and we are committed to the cause this marathon supports. For the citizens of Bengaluru, this is the only full marathon and therefore a home run of sorts.”

Addressing the media, Mr. Nagaraj Adiga, Race Director said, “We are delighted that Shriram Properties has once again extended their undeterred support towards making this marathon a stellar event. It also gives us immense gratification that the funds raised though this event goes towards a charitable and noble cause. The City Run, as we would like to call it, should give the citizens of this city a sense of pride and encourage them to participate in large numbers.”

Highlighting the importance of running, Ms. Reeth Abraham, Brand Ambassador, Shriram Properties Bengaluru Marathon and Arjuna Awardee said, “To be associated with this prestigious event gives me enormous pride and a sense of responsibility. Being an athlete I have understood the need to remain fit and healthy in order to stay competitive. In this age of busy and sedentary lifestyle, it is important that people take time to stay fit and take care of themselves. Events like this give a community a fun approach to health and fitness. I would like to extend my sincere appreciation to the untiring efforts of the main sponsors Shriram Properties, and the organizers NEB Sports, in successfully bringing together yet another edition of this marathon for the citizens of this city to enjoy.”

The USP of the run would be hot breakfast for all the participants and eco-friendly practices. The Hot Breakfast is carefully taken care of, keeping in consideration the local taste buds.  The event will have reusable cutlery for water and food.  Plastic and paper usage is bare minimal. The runners and organizers, together, will give their best to keep the city clean during and after the race.

About Shriram Properties
Shriram Properties, the property development arm of the Rs. 90000 cr financial giant   Shriram Group, Chennai, is a multi-crore company with nearly Rs  25000 crs   business across the country. The company has so far delivered over 12 million Sq ft  of  residential and commercial built up  space across the country and another around 60 million sq ft.  is under various stages of development.

One of the forerunners in Indian Real Estates, Shriram properties is a trusted and highly credible developer having attracted huge PE investments. World majors   Walton street, Starwood capital, TPG Capital, TATA Opportunities Fund, HYPO, Sun Apollo, ASK, Motilal Oswal, Amplus, ICICI Prudential  have invested in Shriram Properties -  aggregating to US $ 435 million.

Shriram Properties has won the prestigious Assocham Award (Associated chamber of commerce and Industry) in three consecutive years from 2013 to 2015, for being the Best Developer in Southern region. The company has also won awards for being the Best Realty Investment Partner in India and the Most Transparent Developer in Southern region.

About NEB Sports
NEB Sports, organizes big banner events such as Shriram Properties Bengaluru Marathon, IDBI Federal Life Insurance New Delhi Marathon, IDBI Federal Life Insurance Mumbai Half Marathon and NIDJAM. The Bengaluru 10K Challenge is their flagship 10K event which promotes participants to incorporate running into their lifestyle.

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Shriram Properties Bengaluru Marathon is expected to attract more than 17,000 participants

Get set for the Home Run of Namma Bengaluru

Shriram Properties Bengaluru Marathon is expected to attract more than 17,000 participants

Bangalore 3 October 2016: Running in India has been growing by leaps and bounds over the years and Bengaluru is one of the city that’s leading this change, rightly called the Running capital of India. This city run, with a route through historic and charming squares, parks and neighbourhood, is expected to attract more than 17,000 participants.

The 3rd edition of Shriram Properties Bengaluru Marathon will start from Kanteerava Stadium, and will run through the centre of the city including MG Road, Indiranagar and other places.

“The marathon has become a rage in just three years, and the registrations have increased over the years. The third edition is here with the starting line in front of one of Bengaluru’s beautiful landmarks. The edition promises yet another enthralling experience and we expect to see over 17,000 participants on Race Day – 16th October. We are looking forward to witnessing Bangalore come alive on the Race Day,” said Race Director Nagaraj Adiga.

 In addition to the main race day, the event is an annual affair of several promotional and training runs and had grown popular among city’s serious runners.

 The run is also billed as a green run, as the use of plastic during the event is completely banned.

 The Managing Director of Shriram Properties, Mr. M Murali says, “We are happy to encourage good health and healthy environment. The success of the first two editions made Shriram Properties be proudly associated with the third edition as well. Looking forward to the big day.”

The marathon will have three different categories – the full marathon of 42 km, the half marathon of 21 km and the hope run of 5km.

 Every participant will get a free T shirt.

Nisha Millet, the first ever Indian swimmer to qualify for the Olympics games, will be participating in the half marathon.

About Shriram Properties

Shriram Properties, the property development arm of the Rs. 90000 cr financial giant   Shriram Group, Chennai, is a multi-crore company with nearly Rs  25000 crs   business across the country. The company has so far delivered over 12 million Sq ft  of  residential and commercial built up  space across the country and another around 60 million sq ft.  is under various stages of development.

One of the forerunners in Indian Real Estates, Shriram properties is a trusted and highly credible developer having attracted huge PE investments. World majors   Walton street, Starwood capital, TPG Capital, TATA Opportunities Fund, HYPO, Sun Apollo, ASK, Motilal Oswal, Amplus, ICICI Prudential  have invested in Shriram Properties -  aggregating to US $ 435 million.


Shriram Properties has won the prestigious Assocham Award (Associated chamber of commerce and Industry) in three consecutive years from 2013 to 2015, for being the Best Developer in Southern region. The company has also won awards for being the Best Realty Investment Partner in India and the Most Transparent Developer in Southern region.

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Quote by Mr. M Murali, Managing Director, Shriram Properties on the buyer sentiments around festive season

India 27 September 2016: The momentum garnered over the last two months to percolate into the festive season

Mr. M Murali, Managing Director, Shriram Properties said, “There is no bigger joy & security than having your own home and since festival time is considered auspicious, home buyers are more inclined to book a home during the festive season. We have seen a surge in sales in the last 2 months and we are optimistic that this trend will continue for some time now”.

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Commentary on Real Estate in India by Mr. M Murali, Managing Director, Shriram Properties

India 15 September 2016: 

Overview on the real estate industry in India 

Urban Real estate in India comes from nine cities namely, Chennai, Bangalore, Hyderabad in South, Kolkata in East, Mumbai and Pune in the west and Delhi, Noida, Gurgaon in the Northern part of India. These nine cities may be contributing close to about 60 % of Real estate development. The gap between the supply and demand is huge in affordable housing and it may take long years to meet the demand for the economically weaker housing.

 Effect of RERA and GST to the real estate market in India

RERA will bring down the number of players in the industry on one side and on the other side will have few good quality players. RERA will discipline the industry. But for the RERA and the industry to be successful, there needs to be some correction on the current RERA bill. GST will also help real estate growth in long term, but in short term the cost is likely to go up marginally.

'Housing for all by 2022' and how builders like Shriram can play a role in achieving this objective

Our Prime Minister’s vision of Housing for all by 2022 is a noble cause. Once this is achieved, this one mission alone can take our country to different heights. This will bring lot of prosperity to our country - crime rate will come down by more than 50%, productivity will go up by at least 30%, and people would become more civilized. This must be done like an emergency for the prosperity of our Nation at all levels. From Shriram, we are keen to play an important role in contributing to our Prime Minister's vision. 

The role of FDI in real estate in the creation of affordable housing

I would divide this into two parts. One is ‘Affordable housing’ and the other is ‘Housing for All’. What is most important for our country now is Housing for All. Only this will uplift our society. For us to make this Housing for All to come true, we need affordable long term capital. It can be through FDI or ECB or even long term bonds. We need to look at various options of making cheaper funds available for this sector.

New growth markets across India

It is only the nine major cities Delhi, Noida, Gurgaon, Mumbai, Pune, Kolkata, Bangalore, Chennai and Hyderabad take a major share of the growth. But the Delhi Mumbai corridor, Bangalore Chennai industrial corridor, and the developments in north eastern parts would bring new growth opportunities.

Interest of PE investors, Venture Capitalists in the Indian real estate market

It is a fact that some of the PE investors haven't made good returns so far. But the interest remains bullish from both PE investors and Venture capitalists.

Focus on Tier 2 and 3 markets for real estate growth opportunities

Currently, there is not much demand in Tier 2 and 3 markets. This will happen only when the industrialization happens in these cities. Having said this, urbanization is pushing its demand in these markets slowly.

Key consumer trends, buying patterns and overall outlook of the real estate industry

Consumer will look for better product and better service. But typical Indian consumer mind, may not be willing to pay a good price for a better service. Overall outlook for the industry looks very bright and the growth can be at a rate of over 30% YoY for at least next five years.

Role of real estate in Urban Infrastructure

Real Estate plays a very critical role in Urban Infrastructure. Real estate defines the city architecture, city's culture and its behavior. Real estate and the urban infrastructure should go together. If we look at the civilization and older cities, the urban infrastructure and real estate were one phenomena and it was not two different. Urban planning always included the real estate. This is even applicable to some of the latest smart cities like Barcelona, Shanghai, Singapore and even our very own Chandigarh. It just reflects the nature of the people. There are two ways to deal with this - build the city's real estate based on the nature of their people or define the real estate with urban infrastructure to reflect the nature of the people. Historically, the rulers have used real estate and urban infrastructure to build a better society and to define the nature of their society. 

Escalating land prices and the role of government 

Government should not have any role in defining the land prices is my view. Let us take the example of Hyderabad and Ahmedabad. According to me, the land and real estate prices will always be fair to the end users and will never sky rocket. It is because of the good infrastructure created by these states in the last ten years. The focus on infrastructure by these two states have not only kept the real estate prices in control, but also helped consumers to have a better quality of life.

Technology in real estate 

In our country so far, the technology is catching up very slowly. This needs to be changed. Our Prime Minister has a great vision of ‘Housing for All by 2022’, and for this dream to become reality, new technology is the only solution. We should also focus on making Green buildings and this is the future.

Housing units in Southern India

Bangalore has natural advantages as a city despite its huge problems on its infrastructure development. Chennai also has a lot of natural advantage because of its industrialization and higher level of literacy rate. Hyderabad follows these two cities. Having said this, the infrastructure that has been created in Hyderabad and the Government's vision plan for the next 20 years are incredible. If Bangalore and Chennai do not give focus on its urban infrastructure, they could lose out to Hyderabad in the next five years.

Real estate, a major player in the scheme of urban development

Any development need to be inclusive which is very important for its sustained growth. It is just not the infrastructure development, there needs to be employment generation for its long term sustainability. The infrastructure growth offers short term employment opportunities and unless we create long term employment opportunities, this will lead to speculation or such cities would fail.

Once again, our Prime Minister's vision of ‘Make in India’ can bring solution to a major level. We may have to focus on industrial and agricultural development for our long term sustainability. While creating the city design, we need to keep these two factors in mind.

Rental housing as a key consumer pattern 

Indians believe in owning homes and this acts as security to them. Hence I doubt whether rental housing can be a solution. Also given the yield Vs cost of funds, it may be difficult for rental housing to become successful. This can become success when the gap between the yield and cost of funds reduces. For the real estate not to become expensive, we need to focus on infrastructure growth. 

Regulations impacting the industry

This is one industry which is over regulated. Any industry to grow well and to meet its objectives, the industry must be well regulated and not over regulated. 

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