India, April 23 -- Bengaluru-based listed real estate developer Shriram Properties Limited (SPL) has acquired a 5-acre land parcel in North Bengaluru with a gross development value (GDV) of Rs.200-250 crore, the company announced on April 23.

The land parcel is located in Yelahanka, and the company plans to develop a residential project featuring row houses and villas on the site over the next three years.

SPL aims to launch the project in the second half of the financial year 2026 (H2-FY26). This acquisition is part of SPL's plan to expand its project pipeline and grow its presence in key markets.

"This investment fits well with our plan to strengthen Shriram's brand in North Bengaluru, a region showing steady growth. We are building ...