Realty firm Shriram Properties Limited has entered into a partnership with a landowner to develop a 6.5-acre housing project in Bengaluru, targeting an estimated revenue of around Rs 5 billion (Rs 500 crore).

In a regulatory filing on Friday, the company stated that it has signed a Joint Development Agreement for the prime land in North Bengaluru. The project will feature premium residential units covering a saleable area of approximately 0.6 million square feet, with a gross development value (GDV) of about Rs 5 billion.

Shriram Properties Limited is a leading real estate developer in India. To date, it has delivered 48 projects with a total saleable area of 28.3 million square feet across Bengaluru, Chennai, and Kolkata. The company currently has 19 million square feet under active development.

Keywords:

Shriram Properties, Bengaluru housing project, premium residential, JDA, North Bengaluru, real estate development, Rs 5 billion GDV, Indian property market.