Announced Mon, 15 Jun · 10:56 IST
Shriram Properties signs JDA for ₹600 cr premium project in Bengaluru
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
₹89.97
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-1.3-1.1-1.2+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 at Doddagubbi, North-East Bengaluru. The project will have a development potential of ~6.7 lakh sqft with an estimated GDV of over ₹600 crores. It is a lake-facing premium apartment complex, expected to launch in the current financial year. The deal follows an asset-light model, strengthening SPL's Bengaluru pipeline.
Likely market impact
Positive—adds ₹600 cr GDV to pipeline, strengthens Bengaluru presence via asset-light expansion; supports long-term growth visibility.