Key facts
- Shriram Properties Ltd has signed a Joint Development Agreement for a 9.1-acre land parcel in Bengaluru.
- The company plans to develop a housing project on this land with an estimated revenue potential exceeding Rs 600 crore.
- The project is slated for launch within the current financial year.
- Separately, Shriram Properties acquired a 4-acre land parcel in Bengaluru for approximately Rs 600 crore in GDV.
- This second project is a premium high-rise residential development.
Shriram Properties Ltd has announced plans for two new housing projects in Bengaluru, with a combined expected revenue potential of over Rs 1,200 crore.
In one development, the company has entered into a Joint Development Agreement (JDA) for a 9.1-acre land parcel located at Doddagubbi in North-East Bengaluru. This project is anticipated to generate revenue exceeding Rs 600 crore and is slated for launch within the current financial year. The company has not disclosed the identity of the landowner.