Shriram Properties Limited has entered into a Joint Development Agreement for approximately 6.5 acres of prime land in North Bengaluru. The company plans to develop a premium residential apartment project with an estimated Gross Development Value (GDV) potential of approximately ₹500 crores.
The development is intended to be an addition to the city's skyline and is strategically located adjacent to the upcoming large state park in Yelahanka. The project is planned for launch during the next fiscal year and will overlook the proposed Madapanahalli Biodiversity Park, spread across 154 acres.
The project will have a saleable area of approximately 0.6 million square feet.
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”.
Shriram Properties Ltd (SPL) is a real estate developer, focused on the mid-market and mid-premium segments. SPL's key markets include Bangalore, Chennai, Pune, and Kolkata. SPL has a development pipeline comprising 39 projects with an aggregate development potential of 36 msf, including 19 msf of ongoing projects, as of June 30, 2025. The company has delivered 48 projects with a saleable area of 28.3 msf, mostly in Bengaluru and Chennai and in recent years in Kolkata.
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