Shriram Properties Limited — Updates, 23-04-2025: Press Release

Shriram Properties Limited (SPL) has acquired a prime ~5 acre land parcel in Yelahanka, North Bengaluru, with plans to develop a premium residential complex featuring row houses and villas. The gross development value (GDV) for this project is estimated to be between ₹200-250 crores, with a target launch planned for the second half of FY26. The location is strategically positioned in a rapidly evolving micro-market, known for its proximity to respected educational institutions and increasing infrastructure, making it highly appealing for families.

This acquisition strengthens SPL's project pipeline and commitment to growth, further enhancing its presence in North Bengaluru, a region with strong growth potential. The CEO emphasized that this development aligns with the company's ambition to create sustainable and vibrant communities while expanding its footprint in key markets. The project is set to play a crucial role in redefining urban living experiences in the area, warranting close investor attention for its long-term impact.