Shriram Properties Signs JDA For Bengaluru Lake Facing Project

22 Jun 2026 CW Team

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.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..