India, Nov. 3 -- Bengaluru-based Shriram Properties Ltd (SPL) has entered into a joint development agreement (JDA) for a 5-acre land parcel on Bannerghatta Road. The company plans to develop a premium villament project on the site, with an estimated gross development value (GDV) of over Rs.350 crore, it said in a regulatory filing.

The villaments project is expected to be launched in FY26 and will help strengthen Shriram Properties' presence in Bengaluru's mid-premium housing segment. A villament is a hybrid residential concept that combines the luxury, privacy, and spaciousness of a villa with the convenience and amenities of an apartment. It is typically a low-rise apartment within a gated community that offers features like shared ame...