Shriram Properties Limited (SPL), one of India’s leading mid-market and mid-premium residential developers, has entered into a Joint Development Agreement (JDA) for approximately 5 acres of land on Bannerghatta Road, South Bengaluru. The proposed project will feature an exclusive villament community with an estimated gross development value (GDV) of over Rs350 crores.
Strategically located in one of the city’s most sought-after residential corridors, the development promises a blend of elegant architecture, expansive green spaces, and modern amenities. Each villament will be designed to maximize natural light and ventilation while maintaining a strong connection to its landscape surroundings—reflecting SPL’s commitment to sustainable, contemporary urban living.
The Bannerghatta Road micro-market offers excellent connectivity, robust social infrastructure, and a rare balance of urban convenience with natural serenity. The project is slated for launch in FY26 and will further strengthen SPL’s mid-premium housing portfolio in Bengaluru.
This development aligns with SPL’s asset-light growth strategy and its focus on value-accretive partnerships in high-demand locations. It also reinforces the company’s broader vision of delivering quality, community-centric, and environmentally conscious homes tailored to evolving urban lifestyles.
Commenting on the announcement, Akshay Murali, Vice President – Business Development at SPL, said, “Our upcoming villament project on Bannerghatta Road reflects our design philosophy—where comfort, nature, and connectivity converge. We believe this development will set a new benchmark for premium living in South Bengaluru.”
