Shriram Properties Signs Landmark JDA in Yelahanka, Bengaluru

Shriram Properties Limited ("SPL"), a leading mid-market and midpremium focused residential real estate developer, has signed a Joint Development Agreement for a ~7acres land, which forms part of a larger deal of ~15-acre prime land parcel in North Bengaluru. The Company is set to develop a premium row houses project with an estimated GDV potential of ~₹600 crores.

Strategically positioned in one of North Bengaluru's most coveted micro-markets, the upcoming project is designed to offer an exclusive row-house living experience that blends modern architecture with sustainable and nature-inspired design principles.

The upcoming development stands as a landmark of modern living seamlessly integrated with nature. Ideally positioned beside the soon-to-be-unveiled Madappanahalli Biodiversity Park-fondly called 'Mini Lalbagh' the project enjoys a unique green vantage within Yelahanka, one of North Bengaluru's most vibrant growth corridors. Spread across 154 acres, Mini Lalbagh is being transformed from eucalyptus plantations into a lush biodiversity hub featuring themed gardens, an aviary, a nature park, and a medicinal plant zone. The new development will overlook this expansive green sanctuary, offering residents an unmatched blend of urban sophistication and ecological tranquility. The development is planned for launch in the next fiscal year and is expected to become a landmark addition to SPL's growing Bengaluru portfolio.

This new project underscores SPL's commitment to its asset-light growth strategy, focusing on partnerships and efficient capital deployment in high-potential locations. The project aligns with the company's broader vision of delivering high-quality, community-centric, and environmentally harmonious living spaces that resonate with evolving urban lifestyles.

Commenting on the development, Mr. Akshay Murali, Vice President - Business Development at Shriram Properties said, "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. Yelahanka's strong infrastructure growth and proximity to the upcoming biodiversity park make it an exceptional location for premium row houses. We are confident this development will redefine the residential landscape in North Bengaluru."

Shares of Shriram Properties Limited was last trading in BSE at Rs. 88.34 as compared to the previous close of Rs. 88.83. The total number of shares traded during the day was 6667 in over 212 trades.

The stock hit an intraday high of Rs. 89.18 and intraday low of 87.90. The net turnover during the day was Rs. 589360.00.

Source : Equity Bulls

Keywords

ShriramProperties Residential Commercial RealEstate INE217L01019 JDA Yelahanka Bengaluru