Shriram Properties Limited has embarked on a promising venture, sealing a Joint Development Agreement (JDA) for a sprawling 4-acre land parcel in Bengaluru’s vibrant Yelahanka locale. With an anticipated revenue surge of ₹250 crore, this strategic move underscores the company’s commitment to expanding its urban presence while embracing an agile, asset-light strategy for exponential growth.
Envisioned as a haven of modern living, the forthcoming project will boast 270 meticulously crafted apartments, offering a collective saleable expanse of approximately 3.8 lakh sq ft. Scheduled for development over the next three years, this visionary undertaking is poised to redefine luxury living in one of Bengaluru’s burgeoning neighborhoods.
Positioned for unparalleled convenience, the project’s locale ensures seamless access to Yelahanka and the bustling Bangalore International Airport, catering to the discerning needs of modern-day living. Moreover, its proximity to esteemed educational institutions, healthcare amenities, and an array of retail destinations accentuates its appeal as a holistic residential enclave.
With an extensive portfolio comprising 47 projects encompassing 51 msf of saleable area, Shriram Properties Limited continues to spearhead innovation in the real estate landscape. With 25 ongoing projects spanning 23.5 msf and a commendable track record of delivering 44 projects spanning 24.3 msf, the company remains steadfast in its pursuit of excellence.
Reflecting on this strategic move, Murali Malayappan, Chairman and Managing Director of SPL, remarked, “This investment underscores our unwavering commitment to fortifying our presence within Bengaluru while embracing a forward-looking approach to propel growth. Yelahanka’s strategic significance, accentuated by its proximity to the airport, positions it as a prime real estate destination, poised for remarkable growth in the years to come.”