Announced Mon, 15 Jun · 10:52 IST
Shriram Properties signs JDA for ₹600 Cr Bengaluru housing project
SHRIRAMPPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹85.50
prior close
₹87.87
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.3+1.6+1.2+1.3+2.9+3.5+3.2+8.2+7.1+4.4+6.0+2.0——
Up moveDown movePending
AI summary
Shriram Properties has signed a Joint Development Agreement (JDA) for a 9.1-acre land parcel in Doddagubbi, North-East Bengaluru. The premium lake-facing apartment project will have ~6.7 lakh sqft of development potential with an estimated Gross Development Value (GDV) exceeding ₹600 crores. Launch is planned in the current financial year. The deal strengthens SPL's Bengaluru pipeline and aligns with its asset-light growth strategy in high-potential micro-markets.
Likely market impact
Adds ₹600 Cr+ to development pipeline; positive for growth visibility with minimal capital outlay under asset-light JDA model.