Shriram Properties Signs JDA for Premium Residential Project in Bengaluru; GDV Potential Exceeds ₹600 Crores
Shriram Properties Limited (SPL), a residential real estate developer focused on the mid-market and mid premium segments, has signed a Joint Development Agreement (JDA) for a premium residential project located at Doddagubbi in North-East Bengaluru. The development covers 9.1 acres of land parcel and is envisioned as an exclusive, scenic lake-facing apartment complex with a development potential estimated at approximately 6.7 lakh sqft.The initiative holds an estimated Gross Development Value (GDV) potential exceeding ₹600 crores. SPL plans to launch the project during the current financial year.
Strategically situated in the rapidly developing North-East Bengaluru corridor, the location offers residents seamless access to major IT hubs, commercial centers, educational institutions, healthcare facilities, retail destinations, and the airport connectivity corridor. The development emphasizes quality residential living, incorporating thoughtful design elements such as green spaces, natural ventilation, and modern lifestyle conveniences, offering a blend of urban convenience and natural surroundings.
This transaction is noted by SPL as a step that strengthens its development pipeline in Bengaluru and aligns with the company's strategic focus on expanding through asset-light development models in high-potential micromarkets.
Commenting on the project, Mr. Akshay Murali, Vice President - Business Development at Shriram Properties, stated that North East Bengaluru continues to be one of the city’s most promising residential growth corridors. He added that the micro-market has strong long-term potential due to its strategic location and evolving social infrastructure, noting that the company aims to create a differentiated residential community prioritizing space, comfort, and quality living.
Company Profile and Development Pipeline
Shriram Properties Ltd (SPL) operates as one of India's leading residential developers in the mid-market and midpremium segments, with key markets spanning Bengaluru, Chennai, Pune, and West Bengal. The company has a proven track record across multiple cities.The following details outline SPL’s operational scale and existing commitments:
| Metric | Detail |
|---|---|
| Target Segment | Mid-market and mid premium residential real estate |
| Markets Served | Bengaluru, Chennai, Pune, West Bengal |
| Projects Delivered (Total) | 50+ projects with over 31.5 msf development in Bengaluru, Chennai, and Kolkata |
| Total Pipeline Projects | 41 projects |
| Aggregate Potential of Pipeline | 35.2 msf |
| Ongoing Projects Status | 16.6 msf |
SHRIRAMPPS Stock Price Movement
Shares of Shriram Properties Limited are rallying as of 10:55 AM, trading up by a strong 5.07% to ₹90.33. The stock is experiencing robust intraday volume, with 487,154 shares changing hands in active market trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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