Shriram Properties signs agreement for prime land in North Bengaluru

Shriram Properties has signed a joint development agreement for 6.5 acres in North Bengaluru, with a ₹500 crore GDV, to launch a premium residential project in the area

Bengaluru-based Shriram Properties has signed a joint development agreement for 6.5 acres in North Bengaluru to launch a premium residential project with ₹500 crore potential Gross Development Value (GDV).

 

The real estate developer caters to mid-market and mid-prime focused residential segment, and is set to develop a premium residential apartment project with a saleable area of approximately 0.6 million square feet. 

 

“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,” said Akshay Murali, vice president, business development, Shriram Properties.

 

 

The project is located adjacent to the upcoming large state park in Yelahanka, and is planned for launch during the next financial year. It will overlook the proposed Madapanahalli Biodiversity Park, spread across 154 acres of eucalyptus plantations, featuring a medicinal garden, aviary, zoo, and tree park.

 

Shriram Properties’ key markets include Bengaluru, Chennai, Pune, and Kolkata. The company has delivered 48 projects spanning 28.3 million square feet, primarily in Bengaluru and Chennai, with a growing presence in Kolkata. As of June 30, 2025, SPL had a development pipeline of 39 projects with a total potential of 36 million square feet, including 19 million square feet under active development.