Shriram Properties signs JDA for a prime land in North Bengaluru

Shriram Properties a leading mid-market and mid-premium focused residential real estate developer, has signed a Joint Development Agreement for a ~6.5 acres prime land in North Bengaluru.

The Company is set to develop a premium residential apartment project with a saleable area of approximately 0.6 million square feet and an estimated GDV potential of ~Rs. 500 crores. The development is envisioned as an iconic addition to the city’s skyline. The project is strategically located adjacent to the upcoming large state park in Yelahanka, one of North Bengaluru’s most promising residential hubs.

Key Highlights

• 6.5-acre landmark project in Yelahanka with Rs. 500 crore GDV potential
• Premium homes overlooking a 154-acre biodiversity park
• Big boost to Shriram Properties’ asset-light growth journey

The project is planned for launch during the next fiscal year and will overlook the proposed Madapanahalli Biodiversity Park, spread across 154 acres of eucalyptus plantations, featuring a medicinal garden, aviary, zoo, and tree park.

Commenting on the development, Akshay Murali, Vice President – Business Development at Shriram Properties said, “This project marks a significant milestone in our journey to create landmark developments that blends 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”.

Also Read: Shriram Properties signs JDA for a Prime Land Parcel in Chennai

Shriram Properties remains committed to creating high-quality living spaces that blend seamlessly with nature while enhancing Bengaluru’s evolving residential sector. This project marks a significant milestone in SPL’s asset-light growth strategy, further strengthening its robust project pipeline and reinforcing its growth momentum.