Shriram Properties Acquires Land Parcel in Yelahanka, North Bengaluru

Shriram Properties Limited has acquired a land parcel measuring around five acres in Yelahanka, located in North Bengaluru. The estimated gross development value (GDV) of the project is between ₹200 crore and ₹250 crore.

As of 9:52 AM on April 24, 2025, Shriram Properties share price was trading at ₹83.88, down 1.14% for the day, up 13.38% over the past month, but down 21.12% in the last six months.

Project Details 

The company plans to develop a residential project on the site. It will feature a mix of row houses and villas. The project launch is scheduled for the second half of FY26 and the construction on the land is to take place over a three-year period. The project will be positioned in a micro-market that has seen infrastructure development and residential growth in recent years.

The area includes access to educational institutions and is part of a zone experiencing increased urban activity. Yelahanka has seen growing interest from developers due to its connectivity and residential demand.

Company Background

Shriram Properties is a listed real estate firm headquartered in Bengaluru. Its operations primarily focus on the mid-market and mid-premium residential segments. The company operates across several cities, including Bengaluru, Chennai, Kolkata, and more recently, Pune.

Past and Ongoing Projects

As of March 31, 2025, the company has delivered 48 projects with a total saleable area of 26.5 million square feet. Its current pipeline includes 37 projects with a total development potential of 37.1 million square feet. Of this, 20 million square feet is under ongoing construction.

Recent Developments

In October 2024, the company entered into a joint development agreement for a six acre mixed-use project in Pune. The estimated revenue potential from that project ranges between ₹700 crore and ₹750 crore.

Read more: Shriram Properties Facilitates ASK Fund’s Early Exit in Shriram Pristine Estates!

Conclusion

The Yelahanka acquisition is part of Shriram Properties’ broader land and project pipeline additions across its core markets.

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