Shriram Properties acquires 4 acre land parcel in Bengaluru with gross development value of up to ₹600 crore

Shriram Properties Ltd. on Monday, February 16, said it has acquired a 4 acre land parcel on Sarjapur Main Road in South-East Bengaluru with an estimated gross development value (GDV) of ₹550 crore to ₹600 crore.

The company said it plans on developing a premium high-rise residential project on the site. The proposed development will comprise approximately 5 lakh square feet of saleable area, it said. The project is expected to be launched in the latter part of 2026.

The land parcel offers seamless connectivity to Sarjapur, Varthur, Whitefield and the Outer Ring Road, Shriram Properties said. It is surrounded by international schools and is proximity to the upcoming Dommasandra Metro Station, it added.

Sarjapur continues to witness sustained residential demand, driven by proximity to major IT hubs, improving infrastructure and a well-developed social ecosystem, the company said.

"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," Akshay Murali, vice-president - business development at Shriram Properties, said.

Shares of Shriram Properties were trading 4.4% lower at ₹80.65 apiece around 12.30 pm on Monday. The stock has declined 10.3% in the past six months but has gained 9.5% in the past year.

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