Shriram Properties Signs JDA for Bengaluru Project with ₹600 Cr GDV Potential
Shriram Properties Limited signed a Joint Development Agreement for a 9.1-acre land parcel in Doddagubbi, Bengaluru. The project will have a development potential of 6.7 lakh sqft and an estimated GDV of over ₹600 crore. The launch is expected in the current financial year.
The JDA for a new project with a substantial GDV potential is a positive development for the company's growth pipeline, but its impact will be realized upon project launch and sales.
The announcement details a new Joint Development Agreement for a premium residential project with significant GDV potential, indicating business expansion and growth.
Shriram Properties Limited (SPL) has signed a Joint Development Agreement (JDA) for a 9.1-acre land parcel located at Doddagubbi, North-East Bengaluru.
The company intends to develop an exclusive, lake-facing apartment complex with a development potential of approximately 6.7 lakh sqft and an estimated Gross Development Value (GDV) potential exceeding ₹600 crores. The project is slated for launch within the current financial year.
Strategically situated in the rapidly growing North-East Bengaluru corridor, the location offers excellent connectivity to major IT hubs, commercial centers, educational institutions, and healthcare facilities via Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport corridor.
Mr. Akshay Murali, Vice President - Business Development at Shriram Properties, commented on the development, stating that North-East Bengaluru is a promising residential growth corridor due to robust infrastructure, improving connectivity, and sustained end-user demand. He added that the company aims to create a differentiated residential community prioritizing space, comfort, and quality living.
This JDA strengthens SPL's development pipeline in Bengaluru and aligns with its strategy of expanding through asset-light development models in high-potential micro-markets. SPL has a strong development pipeline comprising 41 projects with an aggregate development potential of 35.2 million sqft, as of March 31, 2026.
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Shriram Properties Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. 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.