Shriram Properties Shares Edge Up on ₹500 Crore North Bengaluru Project

Mumbai, September 5, 2025: Sh͏ares of ͏Shriram P͏ro͏perties Limited ͏(NSE͏: SHRIRAMPPS, BSE: 54341͏9) rose on Fr͏ida͏y f͏ollo͏wing the company’s announ͏c͏ement of a ͏major͏ joint development agr͏eement (͏JDA) f͏o͏r a premium͏ residentia͏l projec͏t in͏ Nor͏th Ben͏galuru. As of 2:06 ͏PM IST, the sto͏ck wa͏s tradi͏ng͏ ͏at ₹91.0͏0, up 1.40% from t͏he ͏previous close͏ of ͏₹89.74. At this l͏evel,͏ ͏Shriram Properties has a market ͏capitalis͏a͏tion of ₹1,539.31 crore and͏ a p͏rice-to-earnings ratio of 27.67. ͏Ove͏r ͏the past ͏52 weeks,͏ the sto͏ck has ranged betwee͏n ₹63.13 and ₹147.60, reflecting͏ significan͏t volatility͏ alongside other ͏mid-cap real estate cou͏nter͏s. Anal͏ysts note ͏that ͏the Yelahanka pro͏ject is expected to be a medium-term ͏growth͏ driver, s͏uppor͏ted by risin͏g demand͏ for high-end h͏ou͏s͏ing in B͏eng͏a͏luru’s n͏orthern ͏corridor.

Shriram Properties Limited is one of India’s leading residential real estate developers focused on mid-market and mid-premium housing. With a track record of 48 delivered projects spanning 28.3 million sq. ft., the company currently has a development pipeline of 39 projects covering 36 million sq. ft. as of June 30, 2025.

6.5 Acres, 0.6 Mn Sq Ft Project Valued ₹500 Cr

The JDA comprises 6.5 acres of land in Yelahanka, North Bengaluru, which is to be developed as a luxury residential project. The project will have around 0.6 million square feet of saleable area and is expected to fetch a gross development value (GDV) of close to ₹500 crore. Launching is targeted for the upcoming fiscal year.

Yelahanka Project Near 154-Acre Biodiversity Park Enhances Appeal

The project location is beside a massive state park and faces the new 154-acre Madapanahalli Biodiversity Park. This iconic green project will include a medicinual garden, aviary, zoo, and tree park, making the project more attractive as an environmentally friendly housing project. The location close to natural and recreational assets is likely to boost demand and pricing power for the project.

Management Highlights Eco-Friendly Luxury as Growth Milestone

Describing the growth, Shriram Properties’ Vice President – Business Development, Akshay Murali, said the deal represents an important milestone in the company’s endeavour to provide projects that combine luxury lifestyle with eco-harmony. He emphasized the transforming landscape of Yelahanka and its proximity to the biodiversity park as important differentiators that will generate long-term value.

Shriram Properties’ North Bengaluru luxury project covers 6.5 acres with 0.6 million square feet of saleable area, targeting a GDV of ₹500 crore. The development, near Madapanahalli Biodiversity Park, integrates eco-friendly features such as medicinal gardens and aviaries. Trading at ₹91 with a market cap of ₹1,539 crore, the project marks strategic expansion in Bengaluru’s northern residential corridor.

REF: https://nsearchives.nseindia.com/corporate/SHRIRAMPPS_05092025103834_Press_Release.pdf

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