Shriram Properties Unlocks ₹500 Cr. Potential in North Bengaluru

Shriram Properties (SPL), a leading developer in the mid-market and mid-premium residential segment, has entered into a Joint Development Agreement (JDA) for a 6.5-acre land parcel in Yelahanka, a fast-growing corridor in North Bengaluru.

The upcoming project, scheduled for launch in the next financial year, will feature premium residential apartments with a total saleable area of 0.6 million sq. ft. and an estimated Gross Development Value (GDV) of ₹500 crore.

Strategically located, the project will overlook the 154-acre Madapanahalli Biodiversity Park, which is set to include a medicinal garden, aviary, zoo, and tree park — offering residents a unique blend of luxury and nature-focused living. This development is in line with SPL’s asset-light strategy and commitment to sustainable, environmentally conscious communities.

Akshay Murali, Vice President – Business Development at SPL, commented, “This project marks a significant milestone in our journey to create landmark developments that blend luxury living with ecological harmony.”

With this addition, SPL continues to expand its project pipeline across its core markets of Bengaluru, Chennai, Pune, and Kolkata, reinforcing its position as a key player in India’s residential real estate sector.

News by Rahul Yelligetti.