Shriram Properties (SPL), a leading residential real estate developer focused on the mid-market and mid-premium segments, has signed a Joint Development Agreement for a 6.5-acre prime land parcel in North Bengaluru. 

 The company will develop a premium apartment project with a saleable area of around 0.6 million sq ft and an estimated gross development value (GDV) of Rs 5 billion. Strategically located in Yelahanka, adjacent to the upcoming 154-acre Madapanahalli Biodiversity Park and a proposed large state park, the project is slated for launch in the next fiscal year. 

 SPL said the development will be an iconic addition to Bengaluru’s skyline, blending urban living with ecological surroundings. The initiative also aligns with the company’s asset-light growth strategy, strengthening its project pipeline and growth momentum. 

 “This project marks a significant milestone in our journey to create landmark developments that blends luxury living with ecological harmony. Yelahanka’s evolving landscape and its proximity to the upcoming biodiversity park make this location truly unique. We are excited to bring a thoughtfully designed residential experience to this vibrant part of Bengaluru,” said Akshay Murali, Vice President – Business Development, Shriram Properties.