Shriram Properties Completes Acquisition of a Prime Land on Sarjapur Main Road to Strengthen Presence in South-East Bengaluru

Shriram Properties Limited (SPL) has announced the outright acquisition of a prime 4-acre land parcel on Sarjapur Main Road, marking a strategic expansion into South-East Bengaluru’s high-growth residential corridor. The developer plans to transform the site into a premium high-rise residential project featuring approximately 5 lakh square feet of saleable area. With an estimated Gross Development Value (GDV) of Rs 550-600 crore, the project is slated for a late 2026 launch and is designed to cater to the rising demand for modern urban living in the region.

The development is positioned to benefit from seamless connectivity to major hubs such as Whitefield, Varthur, and the Outer Ring Road, further enhanced by its proximity to the upcoming Dommasandra Metro Station and various international schools. This acquisition reinforces SPL's growth momentum in Bengaluru, focusing on micro-markets with strong end-user fundamentals and established social infrastructure. By securing this site, the company continues to build a robust pipeline that leverages Sarjapur’s sustained residential appeal and its status as a preferred destination for professionals working in the city's IT clusters.

Commenting on the development, Mr. Akshay Murali, Vice President - Business Development at Shriram Properties, said, “South-East Bengaluru, particularly the Sarjapur belt, continues to be one of the most resilient and high-growth residential markets in the city. This acquisition reinforces our confidence in the micro-market and our commitment to expanding our portfolio with well-located, scalable projects that cater to evolving homebuyer aspirations. We remain focused on delivering thoughtfully designed, community-centric homes in high-potential urban corridors.”

About Shriram Properties Limited

Shriram Properties Ltd (SPL) is one of India's leading residential Real Estate developers, focused on the mid-market and mid-premium segments. SPL’s key markets include Bangalore, Chennai, Pune and West Bengal. SPL has demonstrated a track record of delivering 50 projects with a saleable area of 30.8 msf, mostly in Bengaluru and Chennai and in recent years in West Bengal. SPL has a strong development pipeline comprising 42 projects with an aggregate development potential of 36 msf, including 18 msf of ongoing projects, as of December 31, 2025.

Disclaimer: The article is for informational purposes only and not investment advice.