Shriram Properties Signs JDA for Prime Land in North Bengaluru with GDV of ~₹500 Crores

Shriram Properties Limited (SPL) has signed a Joint Development Agreement (JDA) for a ~6.5 acres prime land in North Bengaluru. The company plans to develop a premium residential apartment project with a saleable area of approximately 0.6 million square feet and an estimated GDV potential of ~₹500 crores. The project is strategically located adjacent to the upcoming large state park in Yelahanka and is planned for launch during the next fiscal year. The project will overlook the proposed Madapanahalli Biodiversity Park, spread across 154 acres of eucalyptus plantations.