Shriram Properties Announces ₹350 Crore Premium Villament Project on Bengaluru's Bannerghatta Road

Shriram Properties Ltd has announced its entry into a joint development agreement covering approximately five acres of prime land located on Bannerghatta Road in South Bengaluru. The developer plans to launch a premium "villament" project that combines villa-style living with apartment conveniences, targeting an estimated gross development value exceeding ₹350 crore, according to a company statement released on November 3, 2025.

Project Overview and Key Details

The upcoming development represents a strategic move by Shriram Properties into the emerging villament segment. The residential project in Bangalore is scheduled for launch during Fiscal Year 2026, with the company anticipating significant buyer interest from the mid-premium housing segment.

Strategic Location Advantage

The Bannerghatta Road corridor has emerged as one of Bengaluru's most sought-after residential destinations, benefiting from proximity to major employment zones, robust infrastructure, and comprehensive amenities. The location's appeal to homebuyers continues to strengthen, making it an ideal choice for luxury villa projects in Bangalore and hybrid housing formats.

Industry observers note that the villament format has been gaining considerable traction in the mid-premium residential segment, offering buyers increased space and privacy while maintaining access to community amenities typically found in apartment complexes.

Market Implications and Growth Trajectory

For Shriram Properties, this development strengthens its foothold in the mid-premium residential market and demonstrates the company's confidence in sustained demand within Bangalore's real estate sector. The project's gross development value exceeding ₹350 crore underscores the substantial investment and revenue potential that developers are targeting in the city's evolving housing markets.

Buyer Perspective

The launch will provide homebuyers with an innovative housing option that merges villa-style living characteristics without necessitating a complete transition to standalone villas. This hybrid approach addresses the growing demand for spacious, private residences in premium locations while offering the security and amenities of gated community living.

Developer Strategy

The high-value project aligns with Shriram Properties' revenue targets while enhancing brand positioning in the competitive Bengaluru market. The diversification into the villament product format allows the developer to tap into a niche segment that appeals to discerning buyers seeking alternatives to conventional apartments and independent villas.

Market Dynamics

The prominence of large-scale projects with substantial GDV in Bengaluru's residential real estate segment continues to highlight the sustained strength of the city's property sector, particularly within the mid-premium and luxury categories. The consistent demand from IT professionals and entrepreneurs has created a robust market for innovative housing solutions.

Shriram Properties' Market Position

With a delivery record of 48 completed projects spanning approximately 28.3 million square feet and a robust pipeline of 39 projects covering roughly 36 million square feet, Shriram Properties has established itself as a significant player in India's real estate landscape. The company's strategic focus on builder projects in Bangalore positions it well to capitalize on the city's ongoing housing demand.

Industry Outlook

Real estate analysts suggest that Bengaluru's premium housing segment will continue to witness strong demand driven by the city's status as India's technology capital with over one million tech workers. The introduction of innovative housing formats like villaments reflects the industry's responsiveness to evolving buyer preferences and lifestyle requirements.

The project's planned launch in FY26 will be closely monitored by industry stakeholders for insights into pricing strategies, product design specifications, and buyer acceptance rates within this emerging residential segment. The success of this development could potentially encourage other developers to explore similar hybrid housing formats in premium locations across major Indian cities.

Disclaimer: This article is based on information available as of the publication date. Readers are advised to verify all details regarding the project, including launch dates, pricing, and specifications, directly with Shriram Properties Ltd or through official channels before making any investment decisions. Real estate investments involve significant financial commitments, and prospective buyers should conduct thorough due diligence and consult with financial advisors and legal experts before proceeding with any property purchase.