Business
Shriram Properties Completes Acquisition of a Prime Land on Sarjapur Main Road to Strengthen Presence in South-East Bengaluru
Shriram Properties Limited ("SPL"), a leading mid-market and mid premium focused residential real estate developer, has acquired a strategically well-located land parcel of ~4 acres on Sarjapur Main Road, South-East Bengaluru, through an outright purchase transaction.
About this update from Shriram Properties Ltd.
[{"type":"text","content":"Proposed High-Rise Residential Development with GDV of ~₹550-600Cr","length":66,"tagName":"p","attribs":{}},{"type":"text","content":"BENGALURU, India, Feb. 16, 2026 /PRNewswire/ -- Shriram Properties Limited ("SPL"), a leading mid-market and mid premium focused residential real estate developer, has acquired a strategically well-located land parcel of ~4 acres on Sarjapur Main Road, South-East Bengaluru, through an outright purchase transaction.","length":331,"tagName":"p"},{"type":"image","alt":"Shriram-Properties Logo","displaySize":"","headline":null,"caption":"Shriram-Properties Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":239,"url":"https://media.zenfs.com/en/prnewswire.com/2e9b2d385cd5d2b4571c8149db382cb9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xSdGf4yRAI2j45Bco5lMuA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQyMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2e9b2d385cd5d2b4571c8149db382cb9","width":400,"height":239}},"href":"https://mma.prnewswire.com/media/2904479/Shriram_Properties_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company plans to develop a premium high-rise residential project on the site, further strengthening its presence in one of Bengaluru's fastest-growing residential corridors. The proposed development will comprise approximately 5 lakh sq. ft. of saleable area, with an estimated Gross Development Value (GDV) of ~₹550-600 crores. The project is expected to be launched during latter part of 2026.","length":403,"tagName":"p"},{"type":"text","content":"Strategically located with seamless connectivity to Sarjapur, Varthur, Whitefield, and the Outer Ring Road, the development has been thoughtfully crafted to deliver superior comfort, functionality, and aesthetics. Surrounded by reputed international schools and in close proximity to upcoming Dommasandra Metro Station, the development offers a seamless blend of convenience and modern urban living.","length":399,"tagName":"p"},{"type":"text","content":"This acquisition marks another important milestone in SPL's growth strategy, strengthening its robust pipeline and reinforcing its growth momentum in Bengaluru. This addition aligns with the Company's approach of expanding into high-demand micro-markets with strong end-user fundamentals and ...