Mumbai: Shriram Properties Limited (SPL) has signed a Joint Development Agreement (JDA) for a 9.1-acre land parcel located at Doddagubbi in North-East Bengaluru.
According to the company, the proposed residential development has a development potential of approximately 6.7 lakh square feet and an estimated gross development value (GDV) of over ₹600 crore. The project is expected to be launched during the current financial year.
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The project is planned as a lake-facing apartment development and will be situated in the North-East Bengaluru corridor, an area connected to key parts of the city through Thanisandra Main Road, Hennur Road, Outer Ring Road and the airport connectivity corridor.
The company stated that the location provides access to major information technology hubs, commercial centres, educational institutions, healthcare facilities, retail destinations and entertainment zones.
According to SPL, the development is being planned with a focus on residential design, natural ventilation, green spaces and lifestyle amenities. The project will also benefit from its lake-facing location.
The transaction expands the company’s development pipeline in Bengaluru and is aligned with its asset-light development strategy in selected micro-markets.
Commenting on the development, Mr. Akshay Murali, Vice President – Business Development, Shriram Properties, said, “North-East Bengaluru continues to emerge as one of the city’s most promising residential growth corridors, supported by robust infrastructure upgrades, improving connectivity, and sustained end-user demand. The micro-market presents strong long-term potential owing to its strategic location and evolving social infrastructure. In this development, we aim to create a differentiated residential community that prioritizes space, comfort, and quality living while aligning with the aspirations of today’s homebuyers.”
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