The stock of Shriram Properties has signed a joint development agreement for a major land of about 6.5 acres in North Bengaluru. The company plans to develop a premium residential apartment project with an estimated Gross Development Value (GDV) capacity of approximately ₹ 500 crore.
The development is to create another identity in the city’s horizon and it is strategically located next to the large state park built in Yelahanka. The project is planned to be launched during the next financial year and will be close to the proposed Madelleli Biodiversity Park spread over 154 acres.
The project will have a sellable area of about 0.6 million sq ft.
Vice President of Shriram Properties – Business Development, Mr. Akshay Murali said, “This project is an important milestone in our journey to create a landmark development combining luxury living with ecological harmony. The changing landscape of Yalanka and the changing landscape and the upcoming bio -bio -bio -bio is an important milestone. In this vibrant part of Bengaluru, they are excited to bring thoughtfully designed residential experiences ”.
Shriram Properties LTD (SPL) is one of the major residential real estate developers of India, focused on the mid-market and mid-silver segment. Major markets of SPL include Bangalore, Chennai, Pune and Kolkata. The stock of Schriram Properties has a development pipeline of 39 projects with a total development capacity of 36 million sq ft by June 30, 2025, including 19 million sq ft on projects. The company has mostly completed 48 projects in Bangalore and Chennai and in recent years with a selling area of 28.3 million square feet in Kolkata.
Vice President of Shriram Properties – Business Development, Mr. Akshay Murali said, “This project is an important milestone in our journey to create a landmark development combining luxury living with ecological harmony. The changing landscape of Yilanka and the upcoming bio -biodoarsiti park makes this place to be really uniquely uniquely. In this vibrant part of Bengaluru, they are excited to bring thoughtfully designed residential experiences ”.