Shriram Properties Limited has informed the Exchange regarding a press release dated November 03, 2025, titled "Shriram Properties Signs Another Landmark JDA in South Bengaluru.".
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Shriram Properties has signed a Joint Development Agreement for a ~5-acre land parcel on Bannerghatta Road in South Bengaluru. The company plans to develop a premium villament (villa-apartment) community at the site. The estimated Gross Development Value (GDV) of the project is over ₹350 crores. The project is expected to launch in FY26 and is part of the company's asset-light growth strategy focused on partnerships in high-demand locations. Shriram Properties is a Bengaluru-based mid-market and mid-premium residential real estate developer with a pipeline of 39 projects covering 36 million square feet as of September 30, 2025.
This new JDA adds to Shriram Properties' Bengaluru portfolio and is aligned with its asset-light expansion strategy. For shareholders, it signals continued project addition momentum in a high-demand micro-market, though the ₹350 crore GDV is modest relative to the company's overall pipeline.