Shriram Properties Limited (SPL), a prominent residential real estate developer focused on the mid-market and mid-premium segments, has successfully acquired a 5-acre land parcel in Yelahanka, North Bengaluru, as part of its ongoing expansion strategy. The acquisition, announced on April 23, 2025, positions SPL to develop a premium residential complex comprising row houses and villas, with an estimated Gross Development Value (GDV) of ₹200-250 crores.

This project, expected to be launched during H2-FY26, is part of SPL’s broader efforts to capitalize on the growing real estate demand in North Bengaluru, one of the city’s most sought-after micro-markets. The location is strategically placed amidst a thriving ecosystem of esteemed educational institutions, including international schools and renowned colleges, making it an ideal choice for families seeking quality education for their children.

Additionally, the region is undergoing rapid infrastructural advancements, which will enhance accessibility and further boost economic growth in the area. These factors collectively enhance the appeal of the project, making it an attractive option for potential homebuyers looking for a blend of convenience, connectivity, and community living.

Commenting on this acquisition, Mr. Gopalakrishnan J, CEO of Shriram Properties, stated, “This strategic investment is perfectly aligned with our goal of enhancing SPL’s brand presence in North Bengaluru, a region that demonstrates strong and sustained growth potential. With a focus on building a robust project pipeline, we aim to launch this premium villa and row-house development as a landmark project in the region. This acquisition serves as an important milestone in our journey to redefine urban living experiences and build sustainable, vibrant communities.”

The acquisition strengthens Shriram Properties Limited’s portfolio in North Bengaluru, a high-growth area with robust demand for residential real estate. The planned development will further enhance SPL’s presence in this dynamic market, as the company continues to expand its footprint in key cities like Bengaluru, Chennai, Kolkata, and now Pune.

As of March 31, 2025, SPL has a strong development pipeline comprising 37 projects, with a development potential of over 37 million square feet (msf), including 20 msf of ongoing projects. With this latest acquisition, the company continues to make strategic investments aimed at delivering high-quality, premium residential properties that cater to the growing demands of mid-market and mid-premium homebuyers.

This acquisition is poised to play a critical role in Shriram Properties’ growth journey, driving future revenues and enhancing shareholder value.

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