Shriram Properties Signs 4 Acre JV Deal in Yelahanka, Bengaluru

Shriram Properties Signs 4 Acre JV Deal in Yelahanka, Bengaluru

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2 month(s) ago

Shriram Properties Announces New Residential Projects in Bengaluru. Shriram Properties Limited (SPL), a leading South Indian developer, has announced two new residential projects in Bengaluru. Shriram Properties has signed 4 acre JV Deal in Yelahanka, Bengaluru to develop 270 apartment residential projects in Yelahanka, Bengaluru.

  • Location: Prime 4-acre land parcel in Yelahanka
  • Size: 270 apartments with ~3.8 lakh sq ft saleable area
  • Revenue Potential: Over Rs 250 crore
  • Timeline: Launch in H1-FY25, completion in 3 years
  • Highlights:
    • Easy access to Yelahanka and Bangalore International Airport
    • Close proximity to schools, healthcare, and retail

Strategic Significance:

  • These projects strengthen SPL’s pipeline and growth momentum.
  • The company has a strong pipeline of 47 projects with 51 million sq ft of saleable area.
  • SPL prioritizes quality and customer satisfaction with a proven track record of delivering 44 projects.

Management Commentary:

Murali Malayappan, CMD, SPL, highlighted the projects’ alignment with their growth strategy and focus on the Yelahanka micro-market due to its rising demand.

Overall, these announcements indicate Shriram Properties’ continued expansion in Bengaluru’s residential market.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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