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Shriram Properties Limited (SPL) has acquired a nearly 4-acre land parcel on Sarjapur Main Road in South-East Bengaluru and plans to develop a premium high-rise residential project with an estimated gross development value (GDV) of around INR 550-600 crore. The proposed project will offer about 5 lakh sq. ft. of saleable area and is expected to be launched in the latter part of 2026. Strategically located near key hubs such as Whitefield, Varthur and Outer Ring Road, and close to the upcoming Dommasandra Metro Station, the development aims to tap sustained demand in the Sarjapur micro-market. The acquisition strengthens the company's pipeline in one of Bengaluru's fastest-growing residential corridors.
Shriram Properties Limited (SPL) has acquired a strategically located land parcel of around 4 acres on Sarjapur Main Road in South-East Bengaluru, marking another step in the company's expansion within one of the city's most active residential micro-markets. Advertisement
The acquisition was completed through an outright purchase transaction. On the newly acquired site, the company plans to develop a premium high-rise residential project comprising approximately 5 lakh square feet of saleable area. The proposed development has an estimated Gross Development Value (GDV) of around INR 550-600 crore and is expected to be launched in the latter part of 2026.
The project is located in the Sarjapur belt, a corridor that has witnessed sustained residential demand due to its proximity to major IT hubs and improving infrastructure. The site offers connectivity to Sarjapur, Varthur, Whitefield and the Outer Ring Road, making it attractive for professionals working in Bengaluru's technology clusters. It is also situated close to reputed international schools and the upcoming Dommasandra Metro Station, enhancing its appeal for end-users seeking convenience and urban lifestyle amenities.
According to the company, the development has been conceptualised to deliver a combination of comfort, functionality and contemporary design, targeting homebuyers in the mid-premium and premium segments. The addition further strengthens SPL's presence in South-East Bengaluru, a region considered one of the fastest-growing residential corridors in the city.
Commenting on the acquisition, Akshay Murali, Vice President Business Development at Shriram Properties, said that South-East Bengaluru, particularly the Sarjapur belt, continues to remain a resilient and high-growth residential market. He noted that the acquisition reinforces the company's confidence in the micro-market and aligns with its strategy of expanding its portfolio with well-located and scalable projects catering to evolving homebuyer preferences.
Shriram Properties Ltd is focused on the mid-market and mid-premium residential segments. Its key markets include Bengaluru, Chennai, Pune and West Bengal. The company has delivered 50 projects with a saleable area of 30.8 million square feet, primarily in Bengaluru and Chennai, and more recently in West Bengal.
As of December 31, 2025, SPL has a development pipeline comprising 42 projects with an aggregate development potential of 36 million square feet, including 18 million square feet of ongoing projects. The Sarjapur land acquisition is expected to add further momentum to its growth trajectory in Bengaluru.
Source - PTI
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