Shriram Properties Inks JDA for South Bengaluru Project, Targeting Over ₹350 crore in GDV

Shriram Properties Limited (SPL), a leading mid-market and mid-premium residential real estate developer, has signed a Joint Development Agreement (JDA) for approximately 5 acres of land on Bannerghatta Road, South Bengaluru. The project is estimated to have a Gross Development Value (GDV) potential exceeding ₹350 crores.

Premium Villament Project in Prime Location

Situated in one of Bengaluru’s most sought-after residential corridors, the project aims to deliver an elegant living experience through refined architecture, expansive green landscapes, and thoughtfully curated modern amenities. Each villament will be designed to maximise natural light and ventilation while maintaining harmony with its surroundings, reflecting SPL’s focus on sustainable and modern design.

The area offers excellent connectivity, robust social infrastructure, and a balance of urban convenience with natural tranquillity. Expected to launch in FY26, the development will further strengthen SPL’s expanding mid-premium housing portfolio in Bengaluru.

As per the exchange filings, Mr Akshay Murali, Vice President - Business Development, Shriram Properties, said, “At SPL, we believe great homes emerge from the perfect harmony of design, comfort, and a connection with nature. Our upcoming villaments project in Bannerghatta Road, one of Bengaluru’s most dynamic and desirable residential corridors, embodies this philosophy.”

About Shriram Properties Limited

Shriram Properties Limited is one of India’s leading residential real estate developers, focusing on the mid-market and mid-premium segments. The company’s core markets include Bengaluru, Chennai, Pune, and Kolkata. It has successfully delivered 48 projects, covering a total saleable area of 28.3 million sq ft, primarily across Bengaluru and Chennai.

As of September 30, 2025, SPL’s development pipeline comprises 39 projects with a total potential of 36 million sq ft, including 19 million sq ft of ongoing projects.

Read More: Shriram Properties Expands Footprint in Pune with ₹700 Crore JDA for Hinjewadi Project!

Shriram Properties Share Price Performance

As of November 3, 2025, at 1:23 PM, Shriram Properties share price is trading at ₹94.46 per share, reflecting a surge of 0.44% from the previous closing price.

Conclusion

Shriram Properties’ new villament project in South Bengaluru underscores its commitment to sustainable urban living and premium residential development. The venture strengthens the company’s presence in the mid-premium segment while reinforcing its strategy of value-accretive partnerships and community-centric housing solutions.

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