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Bengaluru Land Deal Sparks Rs 600 Crore Housing Project
16 Jun
Summary
- New housing project planned on 9.1 acres in Bengaluru.
- Project expected to generate over Rs 600 crore in revenue.
- Development to span 6.7 lakh sq ft, launching this FY.
Shriram Properties Ltd has secured a new development opportunity in Bengaluru, India. The company has entered into a Joint Development Agreement for a 9.1-acre land parcel located in Doddagubbi, North-East Bengaluru.
This new housing project is projected to have a significant revenue potential, estimated to exceed Rs 600 crore. The development will encompass a total built-up area of 6.7 lakh square feet.
The company intends to launch this promising project during the ongoing financial year. Shriram Properties is a prominent real estate developer with a strong presence in key Indian markets, including Bengaluru, Chennai, Pune, and West Bengal.
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