Stock Report

Shriram Properties signs another JDA for 5 acre Land in Bannerghatta to Develop Premium Villaments

Posted On : 2025-11-03 23:45:45( TIMEZONE : IST )

Shriram Properties Limited ("SPL"), a leading mid-market and midpremium focused residential real estate developer, has signed a Joint Development Agreement (JDA) for ~5 acres of land parcel in Bannerghatta Road, South Bengaluru. The Company plans to develop an exclusive villament community with an estimated GDV potential of over ₹350 crores.

Strategically located in one of Bengaluru's most sought-after residential corridors, this project will offer a refined living experience that blends elegant architecture, expansive green landscapes, and thoughtfully curated modern amenities. Each villament will be designed to provide abundant natural light and ventilation, while maintaining a strong connection to its landscape surroundings - reflecting SPL's commitment to creating sustainable and contemporary urban homes.

The location offers exceptional connectivity, a thriving social infrastructure, and a balance of urban convenience with natural tranquility, making it one of Bengaluru's most preferred residential destinations. The project is expected to be launched during FY26 and will further strengthen SPL's expanding midpremium housing portfolio in Bengaluru.

This project underscores SPL's asset-light growth strategy and its focus on value-accretive partnerships in high-demand locations, aligned with the company's broader vision of delivering quality, communitycentric, and environmentally conscious living spaces that resonate with evolving urban lifestyles.

Commenting on the development, Mr. Akshay Murali, Vice President - Business Development, Shriram Properties, said, "At SPL, we believe great homes emerge from the perfect harmony of design, comfort, and a connection with nature. Our upcoming villaments project in Bannerghatta Road, one of Bengaluru's most dynamic and desirable residential corridors, embodies this philosophy. With its excellent connectivity, vibrant social ecosystem, and serene green surroundings, Bannerghatta Road is the ideal setting for discerning homebuyers seeking both exclusivity and convenience. We are confident this development will set a new benchmark for premium living in South Bengaluru.

Shares of Shriram Properties Limited was last trading in BSE at Rs. 94.78 as compared to the previous close of Rs. 93.96. The total number of shares traded during the day was 74272 in over 751 trades.

The stock hit an intraday high of Rs. 96.00 and intraday low of 93.21. The net turnover during the day was Rs. 7027666.00.