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Shriram Properties has entered into a joint development agreement (JDA) for a 9.1-acre land parcel in North-East Bengaluru, marking another addition to its residential development pipeline. The company said the proposed project has a gross development value (GDV) potential of more than INR 6 billion. The move comes as Bengaluru continues to see strong residential demand, particularly in emerging growth corridors driven by infrastructure upgrades, employment hubs and improving connectivity. The project is expected to strengthen Shriram Properties’ presence in one of the city's key housing markets.
Shriram Properties has signed a joint development agreement (JDA) for a 9.1-acre land parcel in North-East Bengaluru as it continues to expand its development portfolio in the city.
According to the company, the proposed project carries a gross development value (GDV) potential of more than INR 6 billion. The development is expected to add to the company's future residential project pipeline in Bengaluru, one of its core markets.
The latest agreement aligns with Shriram Properties' strategy of growing through asset-light development models such as joint development agreements, which allow developers to expand their project portfolio while limiting upfront land acquisition costs.
North-East Bengaluru has emerged as a key residential destination in recent years due to its proximity to major technology parks, industrial hubs and expanding infrastructure networks. The region has witnessed increasing interest from both homebuyers and developers, supported by improving connectivity and sustained housing demand.
Bengaluru remains one of the country's most active residential real estate markets, with several developers focusing on land acquisitions and development partnerships to build future inventory. Against this backdrop, Shriram Properties has continued to pursue opportunities across strategic micro-markets that offer long-term growth potential.
The company has been strengthening its presence across southern India, with a particular focus on Bengaluru, Chennai and Hyderabad. Joint development projects have remained an important part of its growth strategy, enabling it to expand its development footprint while maintaining capital efficiency.
Source Reuters
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