Key facts
- Shriram Properties signed a joint development agreement for 9.1 acres in Doddagubbi, Bengaluru.
- The project is expected to have a development potential of over 6.7 lakh sq ft.
- The estimated gross development value is over Rs 600 crore.
- The company aims to expand through asset-light development models.
- North-East Bengaluru is identified as a promising residential growth corridor.
Shriram Properties has entered into a joint development agreement for a 9.1-acre land parcel located at Doddagubbi in north-east Bengaluru. The developer intends to construct a residential project on this land, with an anticipated development area exceeding 6.7 lakh square feet and a projected gross development value of over Rs 600 crore.