Shriram Properties Ltd (SPL), a leading mid-market and mid premium focused residential real estate developer, has signed a Joint Development Agreement (JDA) for 9.1 acres of land parcel at Doddagubbi, North-East Bengaluru.
The Company plans to develop an apartment complex with a development potential of 6.7 lakh sqft. and an estimated GDV potential of over ₹600 crore. The project is expected to be launched during the current financial year.
Strategically located in the fast-developing North-East Bengaluru corridor, the location offers excellent connectivity to key parts of Bengaluru through Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport connectivity corridor.
This transaction further strengthens SPL’s development pipeline in Bengaluru and aligns with SPL’s strategic growth focus on expanding through asset-light development models in high-potential micro markets.
The Company continues to focus on creating quality residential communities that combine long term value creation with superior customer experience.
SPL Vice President – Business Development Akshay Murali said, “North-East Bengaluru continues to emerge as one of the city’s most promising residential growth corridors, supported by robust infrastructure upgrades, improving connectivity, and sustained end-user demand. The micro-market presents strong long-term potential owing to its strategic location and evolving social infrastructure.
In this development, we aim to create a differentiated residential community that prioritizes space, comfort, and quality living while aligning with the aspirations of today’s homebuyers,” he said.