Shriram Properties Signs 4 Acre JV Deal in Yelahanka, Bengaluru

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.