Shriram Properties Ltd, one of India’s leading residential real estate developers, announced the signing of a Joint Development Agreement (JDA) with a landowner to co-develop a premium row housing project in North Bengaluru, with an estimated Gross Development Value (GDV) of approximately ₹600 crore.
The upcoming project, spread across seven acres, is located in the rapidly growing Yelahanka region—an area known for its strong infrastructure and proximity to key urban developments, including the upcoming biodiversity park and the Kempegowda International Airport. The company said that the project will be launched in the next financial year and is expected to set a new benchmark for premium residential living in the region.
Speaking on the development, Mr. Akshay Murali, Vice President – Business Development, Shriram Properties Ltd, said: “Yelahanka’s robust infrastructure growth and proximity to major urban hubs make it an exceptional location for premium row houses. We are confident this development will redefine the residential landscape in North Bengaluru and further strengthen our presence in this key market.”
The proposed project will feature luxury row houses, offering contemporary designs, sustainable features, and community-driven amenities. This development aligns with Shriram Properties’ strategic focus on mid-to-premium housing segments and reinforces its commitment to delivering quality homes in prime urban locations through joint development partnerships.
Shriram Properties has an established presence across major Indian cities, including Bengaluru, Chennai, Pune, and Kolkata. Over the years, the company has successfully delivered 48 projects, comprising approximately 28.3 million square feet of saleable area. Its current development pipeline includes 39 projects, with an aggregate development potential of 36 million square feet, of which 19 million square feet are ongoing.
The Bengaluru-based real estate major continues to adopt an asset-light business model through strategic partnerships that allow scalability while ensuring capital efficiency. The latest joint venture reinforces this model and strengthens its portfolio in Bengaluru—one of the most resilient and high-demand housing markets in India.
Industry observers note that North Bengaluru has emerged as a key residential growth corridor, driven by large-scale infrastructure upgrades, the expansion of employment hubs, and rising demand for spacious, premium housing options. With this development, Shriram Properties aims to cater to the city’s evolving housing preferences while contributing to sustainable and well-planned urban growth.
The company’s steady performance, coupled with its focus on execution and customer satisfaction, continues to position it as one of the most trusted real estate brands in India. Shriram Properties expects the upcoming Yelahanka project to contribute significantly to its revenue pipeline in the coming fiscal year and to further strengthen its leadership in the South Indian residential market.
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