Shriram Properties Limited (SPL) has entered into a Joint Development Agreement (JDA) to develop a premium residential project in Doddagubbi, North-East Bengaluru.
The project spans 9.1 acres with a development potential of approximately 6.7 lakh sqft and a Gross Development Value (GDV) of over ₹600 crore.
The planned development will feature an exclusive, lake-facing apartment complex. It is strategically located in the fast-developing North-East Bengaluru corridor, offering excellent connectivity through Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport connectivity corridor.
This location provides seamless access to major IT hubs, commercial centres, educational institutions, healthcare facilities, retail destinations, and entertainment zones.
The project is designed with a focus on thoughtfully planned homes, natural ventilation, green spaces, and modern lifestyle conveniences.
The scenic lake-facing setting enhances its appeal, offering residents a blend of urban convenience and natural surroundings.
This transaction strengthens SPL’s development pipeline in Bengaluru and aligns with its strategic growth focus on expanding through asset-light development models in high-potential micro-markets.
SPL aims to create quality residential communities that combine long-term value creation with superior customer experience.
As per the exchange filings, commenting on the development, Mr. Akshay Murali, Vice President - Business Development, Shriram Properties, said, “North-East Bengaluru continues to emerge as one of the city’s most promising residential growth corridors, supported by robust infrastructure upgrades, improving connectivity, and sustained end-user demand.
The micro-market presents strong long-term potential owing to its strategic location and evolving social infrastructure. In this development, we aim to create a differentiated residential community that prioritizes space, comfort, and quality living while aligning with the aspirations of today’s homebuyers.”
Shriram Properties Ltd is a leading residential real estate developer in India, focusing on mid-market and mid-premium segments. Its key markets include Bengaluru, Chennai, Pune, and West Bengal.
SPL has delivered over 50 projects with more than 31.5 million sqft of development in Bengaluru, Chennai, and Kolkata.
As of March 31, 2026, SPL has a strong development pipeline comprising 41 projects with an aggregate development potential of 35.2 million sqft, including 16.6 million sqft of ongoing projects.
As of June 15, 2026, at 11:05 AM, Shriram Properties share price on NSE was trading at ₹89.20 up by 3.76% from the previous closing price.
Shriram Properties' JDA for a 9.1-acre residential project in Bengaluru highlights a development potential of 6.7 lakh sqft and a GDV of over ₹600 crore. The project is strategically located in North-East Bengaluru, offering connectivity and modern conveniences.
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Published on: Jun 15, 2026, 11:54 AM IST
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