SPL acquires Yelahanka plot for Rs 2 billion villa project
Real Estate

SPL acquires Yelahanka plot for Rs 2 billion villa project

Shriram Properties (SPL) has acquired a prime five-acre land parcel in Yelahanka, North Bengaluru, to develop a premium row-house and villa project with a projected gross development value (GDV) of Rs 2 to 2.5 billion. The launch is targeted for the second half of FY26, with completion planned over three years.

The project site is located in one of North Bengaluru’s fastest-growing micro-markets, surrounded by reputed educational institutions and upcoming infrastructure upgrades that are expected to enhance accessibility and regional connectivity. These developments are anticipated to boost the area’s appeal for families seeking modern yet community-driven living spaces.

SPL views this acquisition as a strategic step in its broader expansion plan, aimed at strengthening its presence in the mid-market and premium residential segments.

“This strategic investment is well aligned with our objective of strengthening the Shriram brand's footprint in North Bengaluru, a region demonstrating sustained and robust growth potential,” said Gopalakrishnan J, CEO, Shriram Properties. “We shall endeavour to position and launch this project as a landmark villa development during H2-FY26.”

                                                                                                                                              

Shriram Properties (SPL) has acquired a prime five-acre land parcel in Yelahanka, North Bengaluru, to develop a premium row-house and villa project with a projected gross development value (GDV) of Rs 2 to 2.5 billion. The launch is targeted for the second half of FY26, with completion planned over three years.The project site is located in one of North Bengaluru’s fastest-growing micro-markets, surrounded by reputed educational institutions and upcoming infrastructure upgrades that are expected to enhance accessibility and regional connectivity. These developments are anticipated to boost the area’s appeal for families seeking modern yet community-driven living spaces.SPL views this acquisition as a strategic step in its broader expansion plan, aimed at strengthening its presence in the mid-market and premium residential segments.“This strategic investment is well aligned with our objective of strengthening the Shriram brand's footprint in North Bengaluru, a region demonstrating sustained and robust growth potential,” said Gopalakrishnan J, CEO, Shriram Properties. “We shall endeavour to position and launch this project as a landmark villa development during H2-FY26.”                                                                                                                                              

Next Story
Real Estate

GHMC Launches Drive To Boost Property Tax Revenue

The Greater Hyderabad Municipal Corporation (GHMC) has launched a special campaign to enhance property tax revenue from non-residential and commercial properties by reassessing their total built-up area. Any discrepancies identified during inspections will trigger immediate revision of both property tax and trade licence fees, officials said. The initial phase of the drive focuses on shopping malls across Hyderabad, with over 300 such establishments identified in the twin cities. After the mall inspections, GHMC will extend the verification process to other non-residential properties, includi..

Next Story
Infrastructure Urban

Cholamandalam To Raise Rs 10 Billion Via NCD Issue

Cholamandalam Investment and Finance Company has invited bids to raise up to Rs 10 billion through secured non-convertible debentures (NCDs) maturing on 14 October 2030, offering a coupon rate of 7.58 per cent. The NCD issue, announced on Monday, comes at a time when corporate bond activity — which saw strong momentum in the first quarter of FY26 — has slowed during the second quarter owing to rising borrowing costs. However, market analysts anticipate a rebound in the coming months as easing bond yields could reignite investor appetite for corporate debt instruments. The company’s fu..

Next Story
Infrastructure Urban

Maharashtra Approves Cluster Redevelopment For Mumbai Slums

The Maharashtra cabinet has approved a cluster redevelopment scheme for Mumbai’s slums, paving the way for large-scale urban renewal and improved living standards across the city’s informal settlements. The decision, taken on 7 October, seeks to convert slum clusters spread over more than 50 acres into integrated housing projects equipped with modern infrastructure and better amenities. To be implemented by the Slum Rehabilitation Authority (SRA), the initiative aims to accelerate redevelopment, attract private investment, and stimulate construction activity. According to a statement from..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?