Shriram Properties Signs Historic JDA for ₹600 Crore Premium Project in Yelahanka; Stock Surge Up

Bengaluru, October 27, 2025 – Shriram Properties Ltd share price (NSE: SHRIRAMPPS)  surged higher, after the company announced a historic Joint Development Agreement (JDA) for a high-end residential project in Yelahanka, North Bengaluru. The stock had opened at ₹88.40 and had risen to an intraday high of ₹93.25 against its previous closing of ₹88.05.

Premium Row Housing Project in Bengaluru’s Growth Corridor

Shriram Properties announced that it has executed a JDA of about seven acres from a 15-acre prime plot in Yelahanka. The premium row houses project will have an estimated overall Gross Development Value (GDV) of about ₹600 crore. Placed strategically alongside the proposed Madappanahalli Biodiversity Park—commonly referred to as ‘Mini Lalbagh’ the project is envisioned to provide pollution-free, eco-friendly spaces amidst nature. The 154-acre park will have themed gardens, aviaries, and a section of medicinal plants, and residents will have the unique combination of nature and contemporary comfort.

The Yelahanka project, which is to be launched in the forthcoming fiscal year, will add immense value to Shriram Properties’ expanding kitty in Bengaluru, one of its core focus cities.

Part of Asset-Light Growth Strategy

As per Akshay Murali, Vice President Business Development at Shriram Properties, the project mirrors the company’s focus on developing homes that provide comfort and a sense of community. He emphasized Yelahanka’s rapidly growing infrastructure and being near the biodiversity park as being key advantages, ranking it amongst the top residential areas in Bengaluru. The project also mirrors Shriram’s asset-light business model, with a focus on partnerships and collaboration with landowners to achieve scalable, capital-efficient growth.

Market Performance and Investor Reaction

As of 3:17 PM IST on October 27, the stock was trading at ₹89.55, up ₹1.50 or 1.70% for the day. The traded volume was 12.36 lakh shares with turnover of ₹11.27 crore. The market capitalization of the company went up to ₹1,569.85 crore, while its 52-week range stayed between ₹63.13 and ₹119.72.

REF: https://nsearchives.nseindia.com/corporate/SHRIRAMPPS_27102025143619_SE_Intimation_Press_Release_Yelahanka.pdf

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