Shriram Properties Signs JDA for Premium Residential Project in North-East Bengaluru

Shriram Properties Limited (SPL), one of India's leading residential real estate developers focused on the mid-market and mid-premium segments, has signed a Joint Development Agreement (JDA) for a 9.1-acre land parcel located at Doddagubbi in North-East Bengaluru.

The company plans to develop an exclusive lake-facing residential community with an estimated development potential of approximately 6.7 lakh square feet and a Gross Development Value (GDV) exceeding ₹600 crore. The project is expected to be launched during the current financial year.

Strategically positioned in the rapidly growing North-East Bengaluru corridor, the project enjoys strong connectivity through key arterial routes including Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport connectivity corridor. The location provides seamless access to major IT parks, commercial hubs, educational institutions, healthcare facilities, retail centres, and entertainment destinations.

The proposed development is designed to offer thoughtfully planned residences featuring spacious layouts, natural ventilation, landscaped green spaces, and modern lifestyle amenities. The scenic lake-facing location further enhances the project's appeal by combining urban convenience with a serene natural environment, creating a balanced and future-ready living experience for homebuyers.

This acquisition strengthens Shriram Properties' development pipeline in Bengaluru and aligns with the company's asset-light growth strategy focused on expanding its footprint in high-potential residential micro-markets. The company remains committed to delivering quality residential communities that offer long-term value creation and an enhanced customer experience.

Commenting on the development, Akshay Murali, Vice President – Business Development, Shriram Properties, 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."

The project reflects the increasing demand for premium residential developments in Bengaluru's emerging growth corridors, driven by infrastructure expansion, employment generation, and improved urban connectivity. With its strategic location and lake-facing setting, the development is expected to attract both end-users and investors seeking long-term value.
Click to view PDF