Shriram signs Rs 6 billion row housing deal in Bengaluru

29 Oct 2025 CW Team

The project spans 7 acres and forms part of a 15-acre prime land parcel in North Bengaluru. It is slated for launch in FY27, and will feature a blend of modern architecture and sustainable design.

“At SPL, we believe great homes should offer both comfort and connection with people, place, and nature. Our upcoming Yelahanka project embodies this philosophy, combining elegant design, modern amenities, and green surroundings to create a truly enriching living experience,” said Akshay Murali, Vice-President, Business Development at Shriram Properties.

Highlighting the area’s growth potential, Murali added, “Yelahanka’s strong infrastructure growth and proximity to the upcoming biodiversity park make it an exceptional location for premium row houses. We are confident this development will redefine the residential landscape in North Bengaluru.”

In September, SPL signed another joint development agreement for a 6.5-acre site in North Bengaluru, with a GDV of Rs 5 billion, also set for launch in FY27.

Earlier, in July, the company announced ‘Codename: The One’, a mid-premium gated community in Electronic City, featuring 340 two- and three-bedroom residences across 500,000 sq ft of saleable area, with an estimated revenue potential exceeding Rs 3.5 billion.

SPL primarily operates in Bengaluru, Chennai, Pune, and Kolkata, focusing on mid-market and mid-premium residential segments. The company has delivered 48 projects totalling 28.3 million sq ft, mostly in Bengaluru and Chennai, and is now expanding in Kolkata.

As of 30 September 2025, Shriram Properties’ development pipeline includes 39 projects with an aggregate potential of 36 million sq ft, of which 19 million sq ft are currently under development.

Bengaluru-based real estate developer Shriram Properties Limited (SPL) has signed a joint development agreement (JDA) for a premium row housing project in Yelahanka, North Bengaluru, with an estimated gross development value (GDV) of around Rs 6 billion. The project spans 7 acres and forms part of a 15-acre prime land parcel in North Bengaluru. It is slated for launch in FY27, and will feature a blend of modern architecture and sustainable design. “At SPL, we believe great homes should offer both comfort and connection with people, place, and nature. Our upcoming Yelahanka project embodies this philosophy, combining elegant design, modern amenities, and green surroundings to create a truly enriching living experience,” said Akshay Murali, Vice-President, Business Development at Shriram Properties. Highlighting the area’s growth potential, Murali added, “Yelahanka’s strong infrastructure growth and proximity to the upcoming biodiversity park make it an exceptional location for premium row houses. We are confident this development will redefine the residential landscape in North Bengaluru.” In September, SPL signed another joint development agreement for a 6.5-acre site in North Bengaluru, with a GDV of Rs 5 billion, also set for launch in FY27. Earlier, in July, the company announced ‘Codename: The One’, a mid-premium gated community in Electronic City, featuring 340 two- and three-bedroom residences across 500,000 sq ft of saleable area, with an estimated revenue potential exceeding Rs 3.5 billion. SPL primarily operates in Bengaluru, Chennai, Pune, and Kolkata, focusing on mid-market and mid-premium residential segments. The company has delivered 48 projects totalling 28.3 million sq ft, mostly in Bengaluru and Chennai, and is now expanding in Kolkata. As of 30 September 2025, Shriram Properties’ development pipeline includes 39 projects with an aggregate potential of 36 million sq ft, of which 19 million sq ft are currently under development.

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