Shriram Properties Acquires Land for ₹550-600Cr Project in Bengaluru
Filing Summary
Shriram Properties Limited has acquired approximately 4 acres of land on Sarjapur Main Road, Bengaluru. The company plans to develop a high-rise residential project with an estimated Gross Development Value (GDV) of ₹550-600 crores. The project will feature around 5 lakh sq. ft. of saleable area and is expected to launch in late 2026. This acquisition aligns with Shriram Properties’ strategy to expand in high-demand micro-markets. The location offers connectivity to key areas like Sarjapur, Varthur, and Whitefield, enhancing its appeal for residential development.
Shriram Properties Limited has completed the acquisition of a land parcel measuring approximately 4 acres on Sarjapur Main Road, South-East Bengaluru. The acquisition was executed through an outright purchase transaction. The company plans to develop a premium high-rise residential project on this site.
The proposed development will encompass around 5 lakh sq. ft. of saleable area. The estimated Gross Development Value (GDV) for this project is between ₹550-600 crores. The project is anticipated to be launched in the latter part of 2026.
The location of the acquired land offers strategic connectivity to Sarjapur, Varthur, Whitefield, and the Outer Ring Road. The site is also in proximity to reputed international schools and the upcoming Dommasandra Metro Station. This enhances the site’s suitability for residential development.
This acquisition is part of Shriram Properties’ strategy to strengthen its presence in Bengaluru’s residential market. The company focuses on expanding into high-demand micro-markets with strong end-user fundamentals. The Sarjapur area is noted for sustained residential demand due to its proximity to major IT hubs and improving infrastructure.
Shriram Properties Limited is a leading residential real estate developer in India, focusing on the mid-market and mid-premium segments. The company operates primarily in Bangalore, Chennai, Pune, and West Bengal. Shriram Properties has delivered 50 projects with a saleable area of 30.8 million square feet, mainly in Bengaluru and Chennai. The company has a strong development pipeline of 42 projects with a total development potential of 36 million square feet, including 18 million square feet of ongoing projects as of December 31, 2025.