Shriram Properties Limited announced the acquisition of a prime ~5-acre land parcel nestled in Yelahanka, North Bengaluru. SPL plans to develop a premium residential complex with row houses/villas on this project land over the next three years. With a gross development value (GDV) of Rs 200 - 250 crores, the Company is targeting to launch the project during H2-FY26.
Situated in one of North Bengaluru’s most coveted micro-markets, this project is poised to become a landmark development. The vicinity is enriched with esteemed educational institutions, including international schools and renowned colleges, catering to families seeking quality education for their children. Moreover, the area is witnessing rapid infrastructural advancements to enhance accessibility and drive economic growth. These factors collectively position the project as an attractive proposition for discerning homebuyers looking for a harmonious blend of convenience, connectivity, and community living.
This strategic acquisition is a significant step in SPL’s ongoing growth journey. It further strengthens its robust project pipeline and reinforces its commitment to driving sustained momentum.
Gopalakrishnan J, CEO of Shriram Properties, said, “This strategic investment is well aligned with our objective of strengthening the Shriram brand's footprint in North Bengaluru, a region demonstrating sustained and robust growth potential. We are pursuing an ambitious trajectory focused on building a strong pipeline of projects to accelerate expansion, and the current acquisition serves as a key milestone in this journey. We shall endeavour to position and launch this project as a landmark villa/rowhouse development during H2-FY26. This project reinforces our dedication towards creating sustainable and vibrant communities and also marks a significant step in our ongoing journey to redefine urban living experiences."
