Shriram Properties completes acquisition of a Prime Land on Sarjapur Main Road

Shriram Properties Limited ("SPL"), a leading mid-market and mid premium focused residential real estate developer, has acquired a strategically well-located land parcel of ~4 acres on Sarjapur Main Road, South-East Bengaluru, through an outright purchase transaction.

The Company plans to develop a premium high-rise residential project on the site, further strengthening its presence in one of Bengaluru's fastest-growing residential corridors. The proposed development will comprise approximately 5 lakh sq. ft. of saleable area, with an estimated Gross Development Value (GDV) of ~₹550-600 crores. The project is expected to be launched during latter part of 2026.

Strategically located with seamless connectivity to Sarjapur, Varthur, Whitefield, and the Outer Ring Road, the development has been thoughtfully crafted to deliver superior comfort, functionality, and aesthetics. Surrounded by reputed international schools and in close proximity to upcoming Dommasandra Metro Station, the development offers a seamless blend of convenience and modern urban living.

This acquisition marks another important milestone in SPL's growth strategy, strengthening its robust pipeline and reinforcing its growth momentum in Bengaluru. This addition aligns with the Company's approach of expanding into high-demand micro-markets with strong end-user fundamentals and long-term visibility. Sarjapur continues to witness sustained residential demand, driven by proximity to major IT hubs, improving infrastructure, and a well-developed social ecosystem.

Commenting on the development, Mr. Akshay Murali, Vice President - Business Development at Shriram Properties said, "South-East Bengaluru, particularly the Sarjapur belt, continues to be one of the most resilient and high-growth residential markets in the city. This acquisition reinforces our confidence in the micro-market and our commitment to expanding our portfolio with well-located, scalable projects that cater to evolving homebuyer aspirations. We remain focused on delivering thoughtfully designed, community-centric homes in high-potential urban corridors."

Shares of Shriram Properties Limited was last trading in BSE at Rs. 84.45 as compared to the previous close of Rs. 82.22. The total number of shares traded during the day was 287065 in over 2822 trades.

The stock hit an intraday high of Rs. 86.50 and intraday low of 83.00. The net turnover during the day was Rs. 24308618.00.

Source : Equity Bulls

Keywords

ShriramProperties Residential Commercial RealEstate INE217L01019 Acquisition PrimeLand SarjapurMainRoad