SPL Acquires Premium Land Parcel in Yelahanka, North Bengaluru

Murali Malayappan, CMD, Shriram Properties Ltd

Bengaluru, April 23, 2025: Mid-market and mid-premium focused residential real estate developer Shriram Properties Limited has announced acquisition of a prime ~5 acre land parcel nestled in Yelahanka, North Bengaluru. SPL plans to develop a premium residential complex with row houses / villas on this project land over the next three years. With gross development value (GDV) of INR 200 – 250 crore, the company hopes to launch the project during H2-FY26.

Situated in one of North Bengaluru’s most coveted micro-markets, this project is poised to become a landmark development. The vicinity is enriched with esteemed educational institutions, including international schools and renowned colleges, catering to families seeking quality education for their children. Moreover, the area is witnessing rapid infrastructural advancements which are set to enhance accessibility and drive economic growth. These factors collectively position the project as an attractive proposition for discerning homebuyers looking for a harmonious blend of convenience, connectivity, and community living.

This strategic acquisition is a significant step in SPL’s ongoing growth journey, further strengthening its robust project pipeline and reinforcing its commitment to driving sustained momentum.

Commenting on the development, Gopalakrishnan J, CEO of Shriram Properties said, “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. We are pursuing an ambitious trajectory, focused on building a strong pipeline of projects to accelerate expansion, and the current acquisition serves as a key milestone in this journey. We shall endeavour to position and launch this project as a landmark villa / row-house development during H2-FY26. This project reinforces our dedication towards creating sustainable and vibrant communities and also marks a significant step in our ongoing journey to redefine urban living experiences.”

Shriram Properties Ltd is one of south India’s leading residential real estate developer, focused on the mid-market and mid-premium segments. SPL’s key markets include Bangalore, Chennai and Kolkata, which together account for nearly 85 per cent of its development activities and is proposing and has entered into the Pune markets recently.