M Murali, Chairman and Managing Director, and J Gopalakrishnan, CEO, Shriram Properties
| Photo Credit:
BIJOY GHOSH
Bengaluru-based Shriram Properties Limited has announced the acquisition of five acres of land for a project with a gross development value (GDV) of ₹200-250 crore.
The company is targeting to launch the project during H2 FY26 in Yelahanka, North Bengaluru. It plans to develop a premium residential complex with row houses/villas on this land over the next three years.
Commenting on the development, 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/row-house development during H2-FY26.
Developments in North Bengaluru
Recently, North Bengaluru has witnessed a flurry of activity, with Mahindra Lifespace Developers announcing the purchase of 8.2 acres of land through its subsidiary, Anthurium Developers. The project has a developable potential of 0.9 million square feet of saleable area and a projected GDV of nearly ₹1,000 crore. In January, Godrej Properties Limited (GPL) also acquired land in North Bengaluru, specifically in Yelahanka, for a project with an estimated revenue potential of ₹2,500 crore.
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Published on April 23, 2025
