Shriram Properties Limited (SPL) has inked a Joint Development Agreement (JDA) for a five-acre land parcel in Bannerghatta Road, South Bengaluru, to build an exclusive villament community with a Gross Development Value (GDV) exceeding ₹350 crore. This project strengthens SPL’s mid-premium housing portfolio in a highly sought-after residential corridor.
Shriram Properties Limited, a prominent residential real estate developer focused on mid-market and mid-premium segments, announced a strategic JDA for developing an upscale villament project on a prime five-acre land in Bannerghatta Road, South Bengaluru. The project embodies SPL’s philosophy of integrating elegant architecture with extensive green landscapes and modern amenities to offer a premium living experience.
Each villament will feature abundant natural light and ventilation while maintaining harmony with the surrounding landscape, reflecting SPL's commitment to sustainable and contemporary urban homes. Located in one of Bengaluru’s most desirable residential areas, the site offers excellent connectivity and a vibrant social ecosystem, balancing urban convenience with natural serenity.
Targeted for launch in FY26, the development aligns with SPL's asset-light growth strategy and focus on value-accretive partnerships. This initiative reinforces SPL's growing footprint in Bengaluru's mid-premium housing sector and its vision of delivering community-centric, environmentally conscious homes tailored to modern urban lifestyles.
Key Highlights:
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JDA signed for 5-acre Bannerghatta Road land parcel in South Bengaluru
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Project GDV estimated at over ₹350 crore
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Development of premium villaments combining luxury, green spaces, and modern amenities
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Project launch planned for FY26
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Location benefits: excellent connectivity, thriving infrastructure, natural tranquility
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SPL’s mid-premium housing portfolio strengthened in a key residential corridor
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Asset-light growth strategy emphasizing value-accretive partnerships
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Commitment to sustainable, community-focused urban living reflected in design philosophy
Source: Shriram Properties Limited press release dated November 3, 2025