Shriram Properties Ltd acquires a Premium Land Parcel in Yelahanka, North Bengaluru

Shriram Properties Limited ("SPL"), a leading mid-market and mid-premium focused residential real estate developer, 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 ₹ 200 - 250 crores, the Company is targeting 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, Mr. 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".

Shares of Shriram Properties Limited was last trading in BSE at Rs. 84.90 as compared to the previous close of Rs. 80.27. The total number of shares traded during the day was 178600 in over 1821 trades.

The stock hit an intraday high of Rs. 86.10 and intraday low of 78.93. The net turnover during the day was Rs. 14867287.00.

Source : Equity Bulls

Keywords

ShriramProperties Residential Commercial RealEstate INE217L01019 Acquisition PremiumLandParcel Yelahanka NorthBengaluru