Shriram Properties Acquires Five Acres in Bengaluru for Rs 2.5 Billion Project

26 Apr 2025 CW Team

Shriram Properties has acquired five acres of land in Yelahanka, North Bengaluru, for a residential project with a revenue potential of Rs 2.5 Bn. The realty firm shared the update in a regulatory filing on Wednesday.

The company plans to develop a premium residential complex featuring row houses and villas on the site over the next three years. The project, with a gross development value of Rs 2.0 Bn to Rs 2.5 Bn, is expected to launch in the second half of financial year 2026.

This acquisition aligns with Shriram Properties’ objective to strengthen its brand presence in North Bengaluru, a region demonstrating sustained and robust growth potential. The company has delivered forty-eight projects with a saleable area of 26.5Mn square feet, primarily across Bengaluru, Chennai, and recently in Kolkata.

As of March 31, 2025, Shriram Properties maintains a strong development pipeline comprising thirty-seven projects with an aggregate development potential of 37.1 Mn square feet, including 20 Mn square feet of ongoing projects.

India’s real estate sector accounts for eighteen per cent of national employment, making it the second-largest employment generator after agriculture.

Source: Press Trust of India

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