Real estate developer Shriram Properties Ltd. has entered into a partnership with a landowner to develop a housing project worth ₹600 crore in Bengaluru.
In a regulatory announcement on Monday, the company said it has executed a Joint Development Agreement for a 7-acre parcel of land located in North Bengaluru. The project will feature premium row houses and carries an estimated Gross Development Value (GDV) of around ₹600 crore. Shriram Properties expects to launch the development in the next financial year.
Commenting on the location advantage, Akshay Murali, Vice President – Business Development, Shriram Properties, said, “Yelahanka’s strong infrastructure growth and proximity to the upcoming biodiversity park make it an exceptional location for premium row houses. We are confident this development will redefine the residential landscape in North Bengaluru.”
Shriram Properties ranks among India’s leading real estate developers and maintains a strong presence across key cities such as Bengaluru, Chennai, Pune, and Kolkata.
It has already completed 48 projects encompassing a saleable area of 28.3 million sq ft.
Furthermore, the company currently maintains a robust development pipeline of 39 projects with a total development potential of 36 million sq ft, of which 19 million sq ft is already under active construction.
