Mumbai, April 24 -- 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."
Published by HT Digital Content Services with permission from Construction World.