Bengaluru-based Shriram Properties Ltd (SPL), a leading developer in the mid-market and mid-premium housing segment, has entered into a joint development agreement (JDA) for a 5-acre land parcel in South Bengaluru. The company plans to develop an exclusive villa community on the site with an estimated gross development value (GDV) of over Rs 3.5 billion.

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

This marks the latest in a series of recent strategic expansions by the developer. In October, SPL signed a JDA for a premium row housing project in Yelahanka, North Bengaluru, with an estimated GDV of around Rs 6 billion. Spread over seven acres, the project is part of a larger 15-acre prime land parcel and is expected to launch in FY27.

In September, the company finalised another JDA for a 6.5-acre plot in North Bengaluru to develop a premium residential project valued at approximately Rs 5 billion. Located adjacent to the upcoming state park in Yelahanka, it is also planned for launch in FY27.

Earlier, in July, SPL unveiled plans for a mid-premium gated community, Codename: The One, in Bengaluru’s Electronic City corridor. The three-year project includes 340 two- and three-bedroom apartments covering a total saleable area of about 500,000 square feet, with estimated revenues exceeding Rs 3.5 billion.

The new developments underscore SPL’s strategy of expanding its presence across Bengaluru’s fast-growing residential corridors. The company continues to focus on sustainable urban design and quality construction, positioning itself as a trusted name in future-ready housing.

Shriram Properties’ core markets include Bengaluru, Chennai, Pune, and Kolkata. The firm has delivered 48 projects covering 28.3 million square feet of saleable area, primarily in Bengaluru and Chennai, and has recently expanded into the Kolkata market.

As of 30 September 2025, SPL’s development pipeline comprised 39 projects with a total potential of 36 million square feet, including 19 million square feet currently under active development.