Bangalore, a thriving hub of real estate development in India, is set to witness a significant addition to its residential offerings. Shriram Properties Limited (SPL) has officially signed a joint development agreement with a landowner for over 7 acres of prime land in North Bengaluru, aimed at delivering a premium row housing project. The expected revenue from this initiative is estimated to reach ₹600 crore, marking a substantial investment in the region's real estate market. This project is part of a larger agreement that encompasses a 15-acre land parcel, underscoring the company's commitment to enhancing urban living spaces in Bangalore.
The new housing project is strategically situated near Yelahanka, one of the fastest-growing corridors in North Bengaluru. Scheduled for launch in the upcoming fiscal year, the development aims to cater to the demands of modern homebuyers looking for a harmonious blend of elegant design, modern amenities, and lush green surroundings. According to Akshay Murali, Vice President of Business Development at Shriram Properties, the Yelahanka project is designed to provide a truly enriching living experience, taking advantage of the area's robust infrastructure and proximity to a forthcoming biodiversity park, making it an ideal choice for luxury row houses.
As a testament to its operational excellence, Shriram Properties has successfully delivered 48 projects covering a saleable area of 28.3 million square feet, primarily in Bengaluru and Chennai, and has recently expanded to Kolkata. Currently, the company boasts a development pipeline of 39 projects, with an aggregate potential of 36 million square feet (msf), including 19 million square feet of ongoing developments as of September 30, 2025. This strong foothold in the market positions SPL favorably as it explores innovative housing solutions tailored for today’s discerning buyers.
The ambitious project is also set to feature the largest sky terrace in South Bengaluru, offering residents exceptional amenities and views. Its prime location near Bommasandra Metro Station and the Narayana Hrudayalaya medical facility ensures proximity to essential services, major IT hubs, and tech parks, enhancing its appeal. As Shriram Properties looks ahead, the company aims to double its sales to ₹5,000 crore, triple its revenue to ₹3,000 crore, and quadruple profits to over ₹250 crore within the next three years, signaling its robust growth strategy in the competitive real estate landscape.
In conclusion, with the forthcoming row housing project in Yelahanka, Shriram Properties is poised to make a significant impact on Bengaluru’s real estate sector, aligning with the evolving needs of urban living.