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SPL Acquires a Premium Land Parcel in Yelahanka, North Bengaluru
Shriram Properties Limited, a leading mid-market and mid-premium focused residential real estate developer, has announced acquisition of a prime 5 acre land parcel nestled in Yelahanka, North Bengaluru.
SPL plans to develop a premium residential complex with row houses / villas on this project land over the next three years.
With gross development value (GDV) of Rs 200 – 250 crores, the Company is targeting to launch the project during H2-FY26.
Situated in one of North Bengaluru’s most coveted micro-markets, this project is poised to become a landmark development. The vicinity is enriched with esteemed educational institutions, including international schools and renowned colleges, catering to families seeking quality education for their children.
Commenting on the development, Gopalakrishnan J, CEO of Shriram Properties said, “This strategic investment is well aligned with our objective of strengthening the Shriram brand’s footprint in North Bengaluru, a region demonstrating sustained and robust growth potential. We are pursuing an ambitious trajectory, focused on building a strong pipeline of projects to accelerate expansion, and the current acquisition serves as a key milestone in this journey. We shall endeavour to position and launch this project as a landmark villa / row-house development during H2-FY26. This project reinforces our dedication towards creating sustainable and vibrant communities and also marks a significant step in our ongoing journey to redefine urban living experiences”.