Shriram Properties Signs JDA For Lake Facing Project In Bengaluru

24 Jun 2026 CW Team

Shriram Properties Limited has signed a joint development agreement for a 9.1 acre land parcel at Doddagubbi in north?east Bengaluru, marking an expansion of its mid?market and mid?premium residential portfolio. The company plans an exclusive lake?facing apartment complex with a development potential of approximately 0.67 million (mn) square feet and a gross development value potential of over Rs 6 billion (Rs 6 bn). The project is expected to be launched during the current financial year.

The site is strategically located in the fast?developing north?east Bengaluru corridor and offers connectivity to key city arteries including Thanisandra Main Road, Hennur Road and the Outer Ring Road, as well as the airport corridor. This location provides access to major information technology hubs, commercial centres, educational institutions, healthcare facilities and retail and entertainment destinations. The positioning is intended to appeal to end users seeking balance between urban convenience and natural surroundings.

The development will emphasise thoughtfully planned homes, natural ventilation, generous green spaces and contemporary lifestyle conveniences to create a future?ready living environment for families. The lake?facing setting is expected to enhance the residential ambience and differentiate the project within the micro?market. Company representatives indicated that the approach aligns with an asset?light development strategy aimed at delivering long?term value and a superior customer experience.

The transaction strengthens Shriram Properties' Bengaluru pipeline and follows a track record of more than 50 completed projects with over 31.5 million (mn) square feet of development across Bengaluru, Chennai and Kolkata. As of 31 March 2026 the company reported an aggregate development pipeline of 35.2 million (mn) square feet, including 16.6 million (mn) square feet of ongoing projects. Contact details for investor and media relations were provided in the release.

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