Shriram Properties, the Bengaluru-based developer focused on mid-market and mid-premium housing, has entered into a joint development agreement (JDA) for a nearly 5-acre land parcel in South Bengaluru. The company plans to develop an exclusive villa community on the site, with a gross development value (GDV) of over Rs 35 million.

Located along Bannerghatta Road, the project is expected to launch in FY26 and will strengthen SPL’s expanding mid-premium portfolio, said Akshay Murali, Vice-President – Business Development, Shriram Properties.

Recent JDAs Signed by SPL

SPL has been actively growing its Bengaluru footprint through strategic JDAs:

• October 2025: The company signed a JDA for a premium row-housing project in Yelahanka, North Bengaluru, with a GDV of around Rs 600 crore. The development spans seven acres and forms part of a larger 15-acre land parcel. It is slated for launch in FY27.

• September 2025: SPL entered into another JDA for a 6.5-acre plot in North Bengaluru to launch a premium residential project with a GDV potential of about Rs 50 million. Adjacent to the upcoming state park in Yelahanka, this project is also planned for launch in FY27.

Other Ongoing Developments

In July 2025, SPL announced “Codename: The One”, a mid-premium gated community in the Electronic City corridor. The project features 340 two- and three-bedroom residences with a total saleable area of around 500,000 sq ft, and a revenue potential exceeding Rs 350 crore. The development emphasises future-ready living, quality construction and sustainable design.

SPL’s Markets and Development Pipeline

Shriram Properties operates primarily in Bengaluru, Chennai, Pune and Kolkata. The company has delivered 48 projects, covering 28.3 million sq ft of saleable area.

As of 30 September 2025, SPL’s development pipeline comprises 39 projects with an aggregate potential of 36 million sq ft, of which 19 million sq ft is currently under development.