Shriram Properties Limited (SPL), one of India’s leading mid-market and mid-premium residential real estate developers, has entered into a Joint Development Agreement (JDA) for around 7 acres of land in North Bengaluru. This forms part of a larger 15-acre prime land parcel in the region. The company plans to develop a premium row house project with an estimated gross development value (GDV) of approximately ₹600 crore.
Strategically located in one of North Bengaluru’s most sought-after micro-markets, the upcoming project promises an exclusive living experience with a blend of modern architecture and nature-inspired, sustainable design. The development will be situated beside the upcoming Madappanahalli Biodiversity Park, popularly known as Mini Lalbagh, offering residents a rare combination of urban comfort and green serenity.
Spanning over 154 acres, Mini Lalbagh is being redeveloped into a rich biodiversity hub featuring themed gardens, an aviary, a nature park, and a medicinal plant zone. With scenic views overlooking this vast green expanse, Shriram Properties’ new project aims to provide residents with an unmatched sense of ecological tranquility within Yelahanka, one of Bengaluru’s most vibrant and fast-developing corridors.
The project is slated for launch in the next fiscal year and is expected to become a landmark addition to SPL’s growing Bengaluru portfolio. It reinforces the company’s asset-light growth strategy, which focuses on strategic partnerships and efficient capital utilization across high-potential urban locations.
