What did Shriram Properties Limited acquire on Sarjapur Main Road?

Shriram Properties Limited acquired approximately 4 acres of land on Sarjapur Main Road in South-East Bengaluru.

What is the estimated value of the new residential project by Shriram Properties?

The proposed residential project on Sarjapur Main Road is estimated to have a Gross Development Value (GDV) of approximately ₹550-600 crores.

When is Shriram Properties planning to launch its new project on Sarjapur Road?

Shriram Properties expects to launch its new premium high-rise residential project on Sarjapur Road during the latter part of 2026.

Home / Business and Economy / Shriram Properties Buys Prime Bengaluru Land

Shriram Properties Buys Prime Bengaluru Land

16 Feb

Summary

Shriram Properties acquired 4 acres on Sarjapur Main Road.
The new project will have 5 lakh sq. ft. saleable area.
Estimated GDV of the project is ₹550-600 crores.

Shriram Properties Buys Prime Bengaluru Land

Shriram Properties Limited (SPL) has acquired a significant 4-acre land parcel located on Sarjapur Main Road in South-East Bengaluru. This strategic purchase was made through an outright transaction.

The company intends to develop a premium high-rise residential project on this site. The proposed development is projected to yield approximately 5 lakh sq. ft. of saleable area and an estimated Gross Development Value (GDV) between ₹550-600 crores.

The project, slated for launch in the latter half of 2026, boasts excellent connectivity to major areas including Sarjapur, Varthur, Whitefield, and the Outer Ring Road. Its proximity to international schools and the upcoming Dommasandra Metro Station enhances its appeal.

This acquisition is a key milestone in SPL's growth strategy, reinforcing its pipeline and momentum in Bengaluru. The move aligns with the company's focus on high-demand micro-markets with strong end-user fundamentals, such as the Sarjapur belt, which continues to see sustained residential demand.

Mr. Akshay Murali, Vice President - Business Development at Shriram Properties, emphasized the resilience and high-growth potential of the Sarjapur market. He stated that this acquisition underscores their confidence in the micro-market and their commitment to expanding their portfolio with well-located, scalable projects catering to evolving homebuyer needs.

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