Press Release21 May 2024, 03:29 pm
Shriram Properties Secures Joint Development Agreement for New Rs.250 Crore Project in Yelahanka, Bangalore
AI Summary
Shriram Properties Limited has signed a Joint Development Agreement (JDA) for a prime 4-acre land parcel in Yelahanka, Bengaluru. The project, with an aggregate saleable area of ~3.8 lakh Sqft, has an revenue potential of over 250 crores and is expected to be developed over the next 3 years. Shriram Properties currently has a strong pipeline of 47 projects with 51 msf of saleable area, including 25 ongoing projects with aggregate saleable area of 23.5 msf.
Key Highlights
- Shriram Properties signs JDA for a new project in Yelahanka, Bengaluru
- The project has an aggregate saleable area of ~3.8 lakh Sqft and a revenue potential of over Rs.250 crores
- Development is expected to be completed over the next 3 years
- Project is in close proximity to schools, healthcare facilities, and retail experiences
- Shriram Properties has a strong ongoing pipeline of 25 projects with a saleable area of 23.5 msf