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SK Property Fund has exited Shriram Properties’ Chennai residential project

ICICIdirect Research 19 Aug 2026 DISCLAIMER

News: As per media sources, ASK Property Fund has exited Shriram Properties’ Chennai residential project, Shriram 122 West, realising ₹ 340 crore against its ₹ 215 crore investment, implying a ~1.6x gross investment multiple. The project, located in Mangadu, has ~2.0 msf of saleable area. The exit follows strong sales and project execution, and marks the second realisation under ASK’s investment platform with Shriram Properties. 

View: This is a favourable development for Shriram Properties as it demonstrates successful capital recycling and execution while strengthening its track record with institutional capital partners. This strengthens Shriram Properties’ credibility, enhancing its access to quality institutional capital.

Impact: Neutral

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