SPL Acquires Prime Land in Yelahanka for Rs 2 Bn+ Villa Project

25 Apr 2025 CW Team

Shriram Properties Limited (SPL), one of India’s leading mid-market and mid-premium residential developers, has announced the acquisition of a prime 5-acre land parcel in Yelahanka, a sought-after neighbourhood in North Bengaluru. The company plans to develop a premium row-house and villa project on the site, with an estimated gross development value (GDV) of Rs 2–2.5 billion, targeting a project launch in the second half of FY26.

Strategically located in a fast-developing micro-market, the new project will benefit from Yelahanka’s growing reputation as a desirable residential hub. The area boasts excellent infrastructure, access to top-tier educational institutions including international schools and colleges, and robust connectivity—all contributing to its increasing appeal among urban homebuyers.

Mr Gopalakrishnan J, CEO of Shriram Properties, commented: “This strategic investment aligns with our vision to strengthen the Shriram brand’s presence in North Bengaluru—a region witnessing sustained growth. The project will be positioned as a landmark villa and row-house development, designed to meet the evolving aspirations of modern families. It underscores our commitment to creating sustainable, community-driven living spaces and marks a major milestone in our growth journey.”

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..