Shriram Properties Limited (SPL), one of India’s leading mid-market and mid-premium residential developers, has signed a Joint Development Agreement (JDA) for a five-acre land parcel on Bannerghatta Road, South Bengaluru. The project, with an estimated Gross Development Value (GDV) of over Rs 3.5 billion, will comprise an exclusive community of premium villaments.Strategically located in one of Bengaluru’s most sought-after residential corridors, the development aims to deliver a refined living experience featuring elegant architecture, expansive green spaces, and contemporary amenities. Each villament will be designed to maximise natural light and ventilation while maintaining a strong connection to the surrounding landscape, in line with SPL’s focus on sustainable and modern urban living.The Bannerghatta location offers excellent connectivity, well-developed social infrastructure, and a blend of urban convenience with natural serenity, making it one of the city’s most desirable residential destinations. The project is expected to launch in FY26, further strengthening SPL’s expanding mid-premium housing portfolio in Bengaluru.This development reinforces SPL’s asset-light growth strategy, which focuses on value-accretive partnerships in high-demand locations. The company continues to pursue its vision of delivering quality, community-centric, and environmentally responsible homes that cater to evolving urban lifestyles.Commenting on the development, Akshay Murali, Vice President - Business Development, Shriram Properties, said, “At SPL, we believe great homes emerge from the perfect harmony of design, comfort, and a connection with nature. Our upcoming villaments project in Bannerghatta Road, one of Bengaluru’s most dynamic and desirable residential corridors, embodies this philosophy. With its excellent connectivity, vibrant social ecosystem, and serene green surroundings, Bannerghatta Road is the ideal setting for discerning homebuyers seeking both exclusivity and convenience. We are confident this development will set a new benchmark for premium living in South Bengaluru.