Shriram Properties Limited (SPL) has completed the acquisition of a strategically located 4-acre land parcel on Sarjapur Main Road, South-East Bengaluru.
The company plans to develop a high-rise residential project on this site, adding to its presence in one of Bengaluru’s growing residential corridors.
The land parcel, acquired through an outright purchase, spans ~4 acres and is positioned in a location with seamless connectivity to Sarjapur, Varthur, Whitefield, and the Outer Ring Road.
The proposed development will include approximately 5,00,000 sq. ft. of saleable area, with an estimated Gross Development Value (GDV) between ₹550 crore and ₹600 crore. The project is expected to launch in the latter part of 2026.
The site is surrounded by reputed international schools and is near the upcoming Dommasandra Metro Station, offering residents convenience and urban accessibility.
The acquisition is part of SPL’s approach to expanding into high-demand micro-markets with strong end-user fundamentals.
Shriram Properties has delivered 50 projects with a total saleable area of 30.8 million sq. ft., primarily in Bengaluru and Chennai, and has expanded into West Bengal in recent years.
As of December 31, 2025, the company maintains a development pipeline of 42 projects with an aggregate potential of 36 million sq. ft., including 18 million sq. ft. of ongoing projects.
The Sarjapur area continues to see sustained residential demand, supported by proximity to major IT hubs, improving infrastructure, and a well-developed social ecosystem. The acquisition aligns with SPL’s focus on community-centric, scalable residential developments designed for evolving homebuyer needs.
As of February 16, 2026, at 12:20 PM, Shriram Properties share price on NSE was trading at ₹80.74 down by 4.29% from the previous closing price.
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Shriram Properties’ acquisition of ~4 acres on Sarjapur Main Road marks a notable addition to its Bengaluru portfolio. The high-rise residential project with an estimated GDV of ₹550-600 crore will enhance the company’s presence in the South-East Bengaluru corridor.
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Published on: Feb 16, 2026, 1:43 PM IST
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