Shriram Properties Limited (SPL), a leading mid-market and mid-premium residential developer, has entered into a Joint Development Agreement for a 7-acre land parcel, part of a larger 15-acre prime tract in North Bengaluru. The project, valued at an estimated gross development value (GDV) of around Rs 6 billion, will feature premium row houses combining contemporary architecture with sustainable, nature-inspired design. Strategically located in one of North Bengaluru’s most sought-after micro-markets, the upcoming development is set to offer a refined and exclusive living experience. It will be adjacent to the upcoming Madappanahalli Biodiversity Park, popularly known as ‘Mini Lalbagh’. Spread across 154 acres, this park is being transformed from eucalyptus plantations into a biodiversity haven featuring themed gardens, a nature park, an aviary, and a medicinal plant zone. Residents of the Shriram project will enjoy serene views of this expansive green landscape, blending urban sophistication with ecological tranquillity. Planned for launch in the next financial year, the project is expected to become a landmark addition to SPL’s growing Bengaluru portfolio. The new development reinforces SPL’s asset-light growth strategy, focusing on partnerships and efficient capital deployment in high-potential areas. It reflects the company’s commitment to creating community-centric, environmentally balanced homes aligned with modern urban lifestyles. Commenting on the announcement, Mr Akshay Murali, Vice President – Business Development at Shriram Properties, said, “At SPL, we believe great homes should connect people with their surroundings. Our upcoming Yelahanka project captures this essence, combining modern design, premium amenities, and lush green views. Yelahanka’s expanding infrastructure and proximity to the biodiversity park make it a truly exceptional site for premium living.” With this project, Shriram Properties continues to strengthen its presence in Bengaluru’s premium housing segment, delivering sustainable and design-led living experiences for discerning homebuyers.