Shriram Properties Limited (SPL) has acquired a prime ~5-acre land parcel in the sought-after Yelahanka area of North Bengaluru. The leading mid-market and mid-premium residential developer plans to build a premium residential complex featuring row houses or villas on the site over the next three years. The project is anticipated to have a gross development value (GDV) of โน200 – โน250 crores, with a launch targeted for the second half of FY26.
Strategically located in a rapidly developing micro-market with excellent educational institutions and improving infrastructure, the project aims to become a landmark development appealing to discerning homebuyers. This acquisition marks a significant step in SPL’s growth strategy, bolstering its project pipeline and commitment to expansion in a high-potential region. CEO Gopalakrishnan J highlighted the investment’s alignment with strengthening the Shriram brand’s footprint in North Bengaluru and the company’s focus on building a robust project pipeline for accelerated growth.
