Key facts
- Shriram Properties signed a joint development agreement.
- The agreement is for a 9.1-acre land parcel.
- The land is located in Doddagubbi, Bengaluru.
- Shriram Properties plans to develop a residential project.
- The project's potential area is over 6.7 lakh sq ft.
- The estimated gross development value exceeds Rs 600 crore.
Shriram Properties has entered into a joint development agreement concerning a 9.1-acre land parcel situated in Doddagubbi, Bengaluru. This strategic agreement allows the company to develop a new residential project on the acquired land. The planned development is expected to span over 6.7 lakh square feet of built-up area. The estimated gross development value for this upcoming residential project is projected to surpass Rs 600 crore. This development signifies Shriram Properties' continued investment and expansion within the Bengaluru real estate sector, aiming to capitalize on the city's growing housing demand.