New Launch16 Feb 2026, 11:56 am
Shriram Properties Acquires Land Parcel on Sarjapur Main Road for ₹550-600 Crores High-Rise Residential Project
AI Summary
Shriram Properties Limited has acquired a 4-acre land parcel on Sarjapur Main Road, South-East Bengaluru, for a proposed high-rise residential development with an estimated gross development value of ₹550-600 crores. The project, comprising approximately 5 lakh sq. ft. of saleable area, is expected to be launched in the latter part of 2026 and will offer superior comfort, functionality, and aesthetics. The acquisition aligns with the company's growth strategy, expanding its portfolio in high-demand micro-markets with strong end-user fundamentals.
Key Highlights
- Shriram Properties acquires 4-acre land parcel in South-East Bengaluru
- Planned high-rise residential project with 5 lakh sq. ft. saleable area
- Estimated gross development value of ₹550-600 crores
- Strategically located with seamless connectivity and proximity to major IT hubs
- Aligned with the company's growth strategy in high-demand micro-markets