Shriram Properties Partners for ₹500 Crore Eco-Luxury Development on 6.5 Acres in Bengaluru's Yelahanka

Shriram Properties announced that it has entered into a Joint Development Agreement with a local landowner to develop a premium residential project in North Bengaluru's rapidly growing Yelahanka locality. The company revealed that the project would span 6.5 acres and was projected to achieve a Gross Development Value of approximately ₹500 crore.

Strategic Project Details and Location Advantages

Industry sources confirmed that the development would encompass approximately 0.6 million square feet of saleable area, specifically targeting the premium residential segment. The site's strategic positioning adjacent to the upcoming 154-acre Madapanahalli Biodiversity Park was highlighted as a key differentiator, with the location offering access to ecological features including eucalyptus groves, medicinal gardens, aviaries, and dedicated tree parks.

The company indicated that the project launch was scheduled for the next financial year, aligning with its asset-light growth strategy. Company executives emphasized that this development represented a landmark fusion of luxury living and ecological harmony, reflecting the evolving suburban character of Yelahanka.

Company Background and Expansion Vision

Shriram Properties reported that it has successfully delivered over 48 projects with a cumulative area of 28.3 million square feet, primarily concentrated in Bengaluru and Chennai markets, while also establishing growing presence in Kolkata. The developer stated that it was actively expanding its footprint across South India and aimed to significantly scale its project pipeline in the coming years.

This development strategy aligns with broader trends in India's real estate sector, where developers are increasingly focusing on luxury apartment market segments and eco-conscious developments.

Project Overview

Market Implications and Investment Perspective

Real estate analysts noted that this move positioned Shriram Properties to capture the growing demand for luxury residential developments anchored around green infrastructure. The project's proximity to the biodiversity park was expected to add significant eco-conscious appeal, potentially enhancing both market attractiveness and investor confidence.

The development was also seen as strengthening the company's presence in one of Bengaluru's fastest-growing suburban corridors, where home sales remain resilient despite market challenges. Industry experts suggested that such eco-integrated developments were becoming increasingly important for luxury living experiences.