Shriram Properties Limited (SPL), a prominent mid-market and mid-premium residential real estate developer, has announced a significant expansion of its portfolio in North Bengaluru. The company has signed a Joint Development Agreement (JDA) for approximately 7 acres of land in Yelahanka, which is part of a larger 15-acre land parcel.

Project Highlights

Strategic Location

The project's location is one of its key selling points:

• Adjacent to the upcoming Madappanahalli Biodiversity Park (nicknamed 'Mini Lalbagh')
• The biodiversity park spans 154 acres
• Transforms eucalyptus plantations into a diverse ecological space

Project Features

SPL aims to develop a premium residential project that will:

• Blend modern architecture with sustainable design principles
• Offer an exclusive row-house living experience
• Provide residents with a unique green vantage point

Company Strategy

This development aligns with Shriram Properties' broader business approach:

• Adheres to the company's asset-light growth strategy
• Focuses on partnerships and efficient capital deployment
• Targets high-potential locations in growing urban areas

Market Impact

The project is poised to make a significant impact on the North Bengaluru real estate market:

• Addresses the growing residential demand in the area
• Capitalizes on Yelahanka's strong infrastructure growth
• Expected to redefine the residential landscape in North Bengaluru

Management Commentary

Akshay Murali, Vice President – Business Development at Shriram Properties, commented on the development: "At SPL, we believe great homes should offer both comfort and connection— with people, place, and nature. Our upcoming Yelahanka project embodies this philosophy, combining elegant design, modern amenities, and green surroundings to create a truly enriching living experience for today's discerning homebuyers."

This strategic move by Shriram Properties demonstrates the company's commitment to expanding its presence in key markets while focusing on premium, nature-integrated residential projects. As the real estate sector continues to evolve, such developments that blend urban living with ecological considerations are likely to attract significant interest from homebuyers and investors alike.

Shriram Properties Limited (SPL), a leading mid-market and mid-premium focused residential real estate developer, has announced a significant expansion of its portfolio in Bengaluru. The company has signed a Joint Development Agreement (JDA) for approximately 6.5 acres of prime land in North Bengaluru, marking a strategic move to strengthen its presence in one of India's most dynamic real estate markets.

Project Details

The proposed development on this newly acquired land is set to be a premium residential apartment project with the following key features:

• Saleable area: Approximately 0.6 million square feet
• Estimated Gross Development Value (GDV): ₹500.00 crores
• Location: Adjacent to the upcoming large state park in Yelahanka, North Bengaluru
• Project Launch: Planned for the next fiscal year

Strategic Location

The project's location is particularly noteworthy, as it will overlook the proposed Madapanahalli Biodiversity Park. This upcoming park, spread across 154 acres of eucalyptus plantations, is set to feature:

• A medicinal garden
• An aviary
• A zoo
• A tree park

This strategic positioning is expected to significantly enhance the project's appeal to potential homebuyers seeking a blend of urban living and natural surroundings.

Company's Vision

Akshay Murali, Vice President – Business Development at Shriram Properties, expressed enthusiasm about the project, stating, "This project marks a significant milestone in our journey to create landmark developments that blend luxury living with ecological harmony. Yelahanka's evolving landscape and its proximity to the upcoming biodiversity park make this location truly unique. We are excited to bring a thoughtfully designed residential experience to this vibrant part of Bengaluru."

Impact on Business Strategy

This land acquisition aligns with Shriram Properties' asset-light growth strategy. It not only strengthens the company's project pipeline but also reinforces its growth momentum in the Bengaluru real estate market. The move demonstrates SPL's commitment to creating high-quality living spaces that integrate seamlessly with the natural environment while contributing to Bengaluru's evolving urban landscape.

Company Background

Shriram Properties Limited has established itself as a prominent player in India's residential real estate sector, with a focus on mid-market and mid-premium segments. The company has a strong presence in key markets including Bangalore, Chennai, Pune, and Kolkata. SPL has delivered 48 projects with a saleable area of 28.3 million square feet, primarily in Bengaluru and Chennai, with recent expansions in Kolkata.

The company's current development pipeline comprises 39 projects with an aggregate development potential of 36.00 million square feet, including 19.00 million square feet of ongoing projects.

This latest land acquisition in North Bengaluru further solidifies Shriram Properties' position in the market and sets the stage for continued growth in one of India's most promising real estate destinations.