+
Shriram Properties Signs JDA For Bengaluru Lake Facing Project
Real Estate

Shriram Properties Signs JDA For Bengaluru Lake Facing Project

Shriram Properties (SPL) shares rose three-point-one-eight per cent to Rs 88.65 after the company signed a joint development agreement for a nine-point-one-acre land parcel at Doddagubbi in north-east Bengaluru. The agreement will see the developer pursue a premium lake-facing residential scheme. The site is positioned in a fast-developing corridor and is intended to add to the firm's urban portfolio.

The development has a potential of about 0.67 million (mn) sq. ft. and carries an estimated gross development value of over Rs six billion (bn). The company indicated the project would be launched during the current financial year and that it would prioritise thoughtfully designed homes, extensive green spaces, natural ventilation and contemporary lifestyle amenities. The lake-facing setting is expected to be an attractive feature for prospective buyers seeking space and quality living.

Located in the north-east Bengaluru corridor, the project will benefit from connectivity via Thanisandra Main Road, Hennur Road, the Outer Ring Road and the airport corridor. The firm characterised the micro-market as offering strong long-term potential driven by infrastructure upgrades and improving social amenities. The transaction aligns with SPL's asset-light growth strategy and is intended to strengthen its development pipeline in Bengaluru while focusing on high-potential sub-markets.

Shriram Properties is a leading residential real estate developer focused on the mid-market and mid-premium segments with key markets including Bangalore, Chennai and Kolkata. On a consolidated basis the company reported a net profit jump of 64.4 per cent to Rs 785.3 mn in the fourth quarter of the financial year 2026, up from Rs 477.8 mn in the year-earlier quarter. Net sales rose 57.2 per cent year on year to Rs 6,408.8 mn in the quarter. The company indicated the Doddagubbi project will support its expansion plans in Bengaluru.

Shriram Properties (SPL) shares rose three-point-one-eight per cent to Rs 88.65 after the company signed a joint development agreement for a nine-point-one-acre land parcel at Doddagubbi in north-east Bengaluru. The agreement will see the developer pursue a premium lake-facing residential scheme. The site is positioned in a fast-developing corridor and is intended to add to the firm's urban portfolio. The development has a potential of about 0.67 million (mn) sq. ft. and carries an estimated gross development value of over Rs six billion (bn). The company indicated the project would be launched during the current financial year and that it would prioritise thoughtfully designed homes, extensive green spaces, natural ventilation and contemporary lifestyle amenities. The lake-facing setting is expected to be an attractive feature for prospective buyers seeking space and quality living. Located in the north-east Bengaluru corridor, the project will benefit from connectivity via Thanisandra Main Road, Hennur Road, the Outer Ring Road and the airport corridor. The firm characterised the micro-market as offering strong long-term potential driven by infrastructure upgrades and improving social amenities. The transaction aligns with SPL's asset-light growth strategy and is intended to strengthen its development pipeline in Bengaluru while focusing on high-potential sub-markets. Shriram Properties is a leading residential real estate developer focused on the mid-market and mid-premium segments with key markets including Bangalore, Chennai and Kolkata. On a consolidated basis the company reported a net profit jump of 64.4 per cent to Rs 785.3 mn in the fourth quarter of the financial year 2026, up from Rs 477.8 mn in the year-earlier quarter. Net sales rose 57.2 per cent year on year to Rs 6,408.8 mn in the quarter. The company indicated the Doddagubbi project will support its expansion plans in Bengaluru.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code