Shriram Properties acquires prime land on Sarjapur Road for ₹550-600 Cr GDV project
Shriram Properties acquired a 4-acre land parcel on Sarjapur Main Road, Bengaluru. The company plans a high-rise residential project with an estimated GDV of ₹550-600 crore. The project will feature 5 lakh sq. ft. of saleable area and is expected to launch in late 2026.
The acquisition is significant for strengthening the company's presence in a key market and adds a substantial GDV project to its pipeline, impacting future revenue.
The acquisition of a prime land parcel and the planned development of a high-value project indicate positive growth and expansion for the company.
Shriram Properties Limited has completed the acquisition of a strategically located land parcel of approximately 4 acres on Sarjapur Main Road in South-East Bengaluru through an outright purchase. The company plans to develop a premium high-rise residential project on this site, which is expected to comprise about 5 lakh sq. ft. of saleable area with an estimated Gross Development Value (GDV) of ₹550-600 crore.
The project is slated for launch in the latter half of 2026. The location offers seamless connectivity to Sarjapur, Varthur, Whitefield, and the Outer Ring Road, and is in close proximity to international schools and the upcoming Dommasandra Metro Station.
This acquisition is a key step in Shriram Properties' growth strategy, aimed at expanding its presence in high-demand micro-markets with strong end-user fundamentals. Mr. Akshay Murali, Vice President - Business Development at Shriram Properties, expressed confidence in the Sarjapur micro-market, highlighting the company's commitment to developing well-located, scalable projects catering to evolving homebuyer aspirations.
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Shriram Properties Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shriram Properties Limited. Read the original for the full detail.