Shriram Properties Acquires 5-Acre Land in Yelahanka, Plans Row Houses and Villas

Shriram Properties Limited (SPL), a listed real estate developer based in Bengaluru, has acquired a 5-acre land parcel in Yelahanka, North Bengaluru. The company has estimated the gross development value (GDV) of the proposed residential project to be in the range of ₹200 to ₹250 crore. The project will consist of row houses and villas, with a launch planned in the second half of financial year 2026 (H2-FY26).

The acquisition is in line with the company's ongoing strategy to expand its footprint in key growth corridors of Bengaluru. SPL views North Bengaluru, particularly Yelahanka, as a location with steady demand for low-rise residential formats. This part of the city has seen increasing interest due to its connectivity to the Kempegowda International Airport, planned infrastructure projects, and the presence of educational institutions and business zones.

Gopalakrishnan J, the CEO of Shriram Properties, emphasized that the acquisition supports the company’s objective to deepen its presence in North Bengaluru. He noted that the area has demonstrated consistent growth and that the upcoming development will contribute to strengthening the brand’s portfolio in this segment. The new project will be a part of SPL’s expanding pipeline and is expected to cater to homebuyers seeking independent units in planned communities.

Over the past year, SPL has been focusing on increasing its operational scale and diversifying its offerings across multiple markets. The company has set an internal goal to double its annual sales to ₹5,000 crore, triple revenues to ₹3,000 crore, and increase profits to over ₹250 crore within the next three years. These targets are supported by a mix of outright land acquisitions and joint development agreements.

As of now, Shriram Properties has delivered 44 projects covering a total development area of approximately 24.4 million square feet. The company is active in five cities and has been building a pipeline of projects that align with demand trends in both mid-income and premium housing categories.

In a similar move last year, SPL signed a joint development agreement for a mixed-use project on a 6-acre plot in Pune, which has a revenue potential of about ₹750 crore. Such developments underline the company's strategy to grow through a combination of owned and partnership-based land development.

The Yelahanka project adds to this approach by offering a product mix that is increasingly being favoured by urban homebuyers—low-density layouts with more privacy and open space. SPL’s focus on this format is expected to align well with current market preferences, particularly in Bengaluru’s evolving residential landscape.