India, Sept. 5 -- Shriram Properties Limited (SPL), a leading developer in the mid-market and mid-premium residential segment, has signed a Joint Development Agreement (JDA) for about 6.5 acres of prime land in North Bengaluru.
The company plans to develop a premium residential project with a saleable area of nearly 0.6 million sq. ft. and an estimated gross development value (GDV) of around ?500 crore. Positioned as an iconic addition to the city's skyline, the project is strategically located in Yelahanka, adjacent to a proposed large state park and overlooking the upcoming 154-acre Madapanahalli Biodiversity Park. The biodiversity park will feature eucalyptus plantations, a medicinal garden, an aviary, a zoo, and a tree park. The launch...