Shriram Properties Limited (SPL), a leading residential real estate developer focused on the mid-market and mid-premium segments, has entered into a Joint Development Agreement for approximately seven acres of land in Yelahanka, North Bengaluru. The site is part of a larger 15-acre parcel, and the company plans to develop a premium row housing project with an estimated gross development value of about ₹600 crore as per a press release.
Strategically located in one of North Bengaluru’s most sought-after micro-markets, the project aims to provide an exclusive row house living experience that combines modern architecture with sustainable and nature-inspired design. The development will be situated beside the upcoming Madappanahalli Biodiversity Park, also known as “Mini Lalbagh.” Spanning 154 acres, the park is being transformed from eucalyptus plantations into a biodiversity hub featuring themed gardens, an aviary, a nature park, and a medicinal plant zone. The project will overlook this expansive green area, offering residents a balance of urban convenience and ecological tranquility.
The launch is scheduled for the next fiscal year and is expected to become a key addition to SPL’s Bengaluru portfolio. The project reinforces the company’s asset-light growth strategy, emphasizing partnerships and efficient capital deployment in high-potential urban locations. It also aligns with SPL’s broader goal of creating community-centric and environmentally sustainable developments.
Akshay Murali, Vice President – Business Development, Shriram Properties, said, “At SPL, we believe great homes should offer both comfort and connection with people, place, and nature. Our upcoming Yelahanka project embodies this philosophy, combining elegant design, modern amenities, and green surroundings to create a truly enriching living experience for today’s discerning homebuyers. 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.”
