BENGALURU, June 15, 2026: Shriram Properties Limited (“SPL”), a leading mid-market and mid premium focused residential real estate developer, has signed a Joint Development Agreement (JDA) for 9.1 acres of land parcel at Doddagubbi, North-East Bengaluru.
The Company plans to develop an exclusive, scenic lake-facing, thoughtfully designed apartment complex with a development potential of approx.. 6.7 lakh sqft. and an estimated GDV potential of over ₹600 crores. The project is expected to be launched during the current financial year.
Strategically located in the fast-developing North-East Bengaluru corridor, the location offers excellent connectivity to key parts of Bengaluru through Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport connectivity corridor, enabling seamless access to major IT hubs, commercial centres, educational institutions, healthcare facilities, retail destinations, and entertainment zones.
The development is being envisioned with a strong emphasis on thoughtfully planned homes, natural ventilation, green spaces, and modern lifestyle conveniences. Further enhancing its appeal, the project enjoys a scenic lake-facing setting, offering residents a distinctive blend of urban convenience and natural surroundings while creating a balanced and future-ready living environment for contemporary families.
This transaction further strengthens SPL’s development pipeline in Bengaluru and aligns with SPL’s strategic growth focus on expanding through asset-light development models in high-potential micro-markets. The Company continues to focus on creating quality residential communities that combine long-term value creation with superior customer experience.
Commenting on the development, Mr. Akshay Murali, Vice President - Business Development, Shriram Properties, said,
North-East Bengaluru continues to emerge as one of the city’s most promising residential growth corridors, supported by robust infrastructure upgrades, improving connectivity, and sustained end-user demand. The micro-market presents strong long-term potential owing to its strategic location and evolving social infrastructure. In this development, we aim to create a differentiated residential community that prioritizes space, comfort, and quality living while aligning with the aspirations of today’s homebuyers.
About Shriram Properties Limited
Shriram Properties Ltd (SPL) is one of India's leading residential real estate developers, focused on the mid-market and mid-premium segments. SPL’s key markets include Bengaluru, Chennai, Pune and West Bengal. SPL has demonstrated track-record, having delivered 50+ projects with over 31.5 msf of development, in Bengaluru and Chennai and Kolkata. SPL has a strong development pipeline comprising of 41 projects with an aggregate development potential of 35.2 msf, including 16.6 msf of ongoing projects, as of March 31, 2026.
