Advertisement
Mid-premium developer Shriram Properties has entered into a joint development agreement (JDA) for approximately five acres along Bannerghatta Road in south Bengaluru, with estimated gross development value (GDV) of over INR 350 crore. The company intends to develop an exclusive "villament" community, meaning a hybrid of villas and apartments, and plans to launch the project during the current fiscal year. The move expands its mid-premium housing portfolio and builds on its track record of delivering 48 projects and 28.3 million sq ft of saleable area across Bengaluru and Chennai.
Mumbai-based realty firm Shriram Properties Ltd. (SPL) recently reported that it has signed a joint development agreement (JDA) for a land parcel of around five acres on Bannerghatta Road in South Bengaluru. The company stated that it intends to develop an exclusive "villament" community on the site, with an estimated gross development value (GDV) exceeding INR 350 crore. Advertisement
According to its regulatory filing, this project marks a further step in SPL's expanding presence in Bengaluru's mid-premium housing segment. The site's location is described as one of Bengaluru's most in-demand residential corridors, combining good connectivity and strong social infrastructure with a relatively tranquil environment.
The villament development is positioned as a low-rise gated community offering the privacy and spaciousness of villas with some shared amenities typical of apartments. SPL"s Vice-President of Business Development, Akshay Murali, commented that the project reflects the company"s belief that "great homes emerge from the perfect harmony of design, comfort and a connection with nature."
SPL said the project is expected to be launched during the current fiscal year and will strengthen its mid-premium housing portfolio in Bengaluru.
In terms of track record, SPL has delivered 48 projects totalling about 28.3 million sq ft of saleable area, primarily in Bengaluru and Chennai. The company's development pipeline, as of end-September 2025, comprises 39 projects with an aggregate potential of 36 million sq ft, including 19 million sq ft under ongoing construction.
The new JDA comes following other strategic tie-ups. Earlier in the year, SPL signed a JDA for about 7 acres in North Bengaluru (Yelahanka) with opposite-side pipeline value of about INR 600 crore, and in September another JDA for 6.5 acres with GDV potential near INR 500 crore.
With this development in the south of the city, SPL appears to be capitalising on strong demand in the mid-premium segment in Bengaluru and pursuing an asset-light growth strategy via land-owner partnerships in high-growth residential corridors such as Bannerghatta Road.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
