Bengaluru: Shriram Properties Limited (SPL), a prominent player in India’s mid-market and mid-premium residential real estate segment, has announced the signing of a Joint Development Agreement (JDA) for a strategically located parcel of land measuring approximately 6.5 acres in North Bengaluru. This agreement marks a significant milestone in the company’s ongoing expansion and reinforces its commitment to delivering high-quality residential developments that align with evolving urban lifestyles.
The proposed development will be situated in Yelahanka, one of North Bengaluru’s most rapidly emerging residential corridors. Envisioned as a premium residential apartment project, the development will span a saleable area of approximately 0.6 million square feet. With an estimated Gross Development Value (GDV) of ₹500 crores, the project is poised to become a landmark addition to the city’s skyline and a testament to SPL’s design-led, customer-centric approach.
Strategically positioned adjacent to the upcoming large-scale state park in Yelahanka, the project will offer residents unparalleled access to green spaces and recreational amenities. Notably, the development will overlook the proposed Madapanahalli Biodiversity Park, a sprawling 154-acre ecological zone comprising eucalyptus plantations, a medicinal garden, aviary, zoo, and tree park. This unique proximity to nature is expected to enhance the overall living experience, offering a rare blend of urban convenience and ecological harmony.
The project is scheduled for launch in the upcoming fiscal year and will be developed under SPL’s asset-light growth strategy, which emphasizes capital efficiency and strategic partnerships. This approach has enabled the company to maintain a robust project pipeline while accelerating its growth trajectory across key markets.
Commenting on the development, Akshay Murali, Vice President – Business Development at Shriram Properties, stated: “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.”
SPL’s vision for the project includes the integration of sustainable design principles, modern architecture, and community-centric amenities. The development will cater to discerning homebuyers seeking a balanced lifestyle, combining the comforts of premium urban living with the tranquility of nature. In line with SPL’s commitment to environmental stewardship, the project will incorporate green building practices, energy-efficient systems, and landscaped open spaces to promote wellness and sustainability.
Over the years, Shriram Properties has established itself as a trusted name in the Indian real estate sector, known for its focus on quality, transparency, and customer satisfaction. With a strong presence in South India and a growing footprint in other regions, the company continues to deliver projects that resonate with the aspirations of modern Indian families.
This latest initiative in North Bengaluru not only strengthens SPL’s presence in a high-growth micro-market but also reflects its strategic intent to capitalize on emerging opportunities in urban development. As Bengaluru continues to evolve as a global city, SPL remains committed to contributing meaningfully to its urban fabric through innovative and responsible real estate solutions.
