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

Infrastructure Energy

07 Oct 2025

Adani Green Adds 113 MW At Khavda, Capacity Hits 16.6 GW

Adani Green Energy Limited (AGEL) announced that it has operationalised 112.5 megawatts (MW) of renewable power projects at Khavda in Gujarat, raising its total generation capacity to 16,598.6 MW.The company said in an exchange filing that its step-down subsidiary, Adani Renewable Energy Fifty Six Limited, has commissioned a solar project of 87.5 MW, while Adani Green Energy Twenty Five B Limited has operationalised a 25 MW hybrid project at the same site.Following the required regulatory clearances, the company began power generation on 30 September 2025.With these additions, AGEL’s total o..

Centre Sets National Standards For Renewable Power Use

The Central Government, in consultation with the Bureau of Energy Efficiency (BEE), has issued a new notification establishing minimum renewable energy consumption standards for designated power users across India. This framework replaces the 2023 notification and aims to accelerate the adoption of green electricity among consumers nationwide.Titled the Renewable Consumption Obligation (RCO), the regulation mandates that designated consumers — including electricity distribution licensees, open access consumers, and captive power users — must ensure a specified share of their total electric..

Tata Power Signs Rs 12 Billion PPA For 80 MW Green Project

Tata Power Company announced that its renewable arm, Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.The Rs 12 billion project will combine solar, wind, and battery storage systems to provide reliable renewable power during peak demand periods, strengthening grid stability and meeting the growing energy needs of Mumbai.Scheduled for completion within 24 months, the facility is expected to generate around 315 million units (MUs) of clean electricity ann..