Shriram Properties Limited (SPL) entered Chandapura through a deliberate land acquisition rather than an opportunistic one. The Bengaluru-headquartered developer announced the acquisition of a 4-acre land parcel in Chandapura — close to Electronic City — to develop a residential project of approximately 350 apartments across a saleable area of 4 lakh square feet, with an estimated revenue potential of over ₹250 crores. The land, identified by survey numbers 199 and 202 of Madiwala Village, Kasaba Hobli, Anekal, is now the site of Shriram Pillai Land — the developer's current residential offering in this part of south Bangalore.
Commenting on the acquisition, Chairman and Managing Director Murali Malayappan said it aligns with the company's goal of strengthening its presence in Bengaluru, and that Chandapura is emerging as a key micro-market. That framing is precise: Chandapura is not a mature market where Shriram is arriving late — it is a developing one where the developer is positioning early, ahead of infrastructure catalysts that are already in motion.
Shriram Properties Ltd marked 25 years of operations in 2024–25. From its debut project, Shriram Shriranjani, launched in Bengaluru in 2000, the company has grown into a recognised name in the mid-market and mid-premium residential segments. Its core markets — Bengaluru, Chennai, and Kolkata — collectively contribute to nearly 85% of its development activity.
With 51 projects already delivered, spanning over 31.5 million square feet, mainly in Bengaluru and Chennai, the company describes its purpose as crafting communities rather than simply constructing structures. Its investor roster has included institutional names such as Walton Street Capital, Starwood Capital Group, and Mitsubishi Corporation. In 2021, Shriram Properties was listed as a public company on the NSE and BSE, and in 2023 it received a CRISIL A — Stable credit rating.
The company turned over almost 3,000 units and plots by 2024, setting a new delivery record. Shriram Properties is part of the Shriram Group, founded by R. Thyagarajan in 1974 — a conglomerate whose financial services arms span insurance, retail lending, and wealth management across India. The real estate arm draws on that group heritage of governance and customer accountability, which is particularly relevant for buyers purchasing in a pre-launch or new-launch phase.
Shriram Pillai Land is a new-launch residential project by Shriram Group in Chandapura, Bangalore, spread over 9 acres, offering 2 BHK and 3 BHK apartments with modern amenities and thoughtfully designed layouts. The apartments range from 750 to 1,100 sq ft, designed with spacious layouts, ample natural light, and cross ventilation. The project features 314 well-planned apartments, suited for small to medium-sized families.
The project focuses on sustainable living, with landscaped gardens, open spaces, and amenities that promote a healthy lifestyle, with possession expected by 2030. The 9-acre footprint gives Shriram Pillai Land meaningful open-area allocation — a material differentiator in a micro-market where most competing supply is on 4-acre or smaller parcels.
The Pillai Land address places residents within a cluster of established and incoming social infrastructure. Nearby facilities include Spurthy Global School, National Public School, Athreya Hospital, Mega International School, Attibele Health Care Hospital, M5 Ecity Mall, and Chandapura Market. The Bangalore–Chennai Highway and SH 35 are the key road connections, with Heelalige Railway Station and the NICE Ring Road just a few minutes away.
Shriram Properties has been systematically building a cluster of projects along the Electronic City–Hosur Road–Attibele–Chandapura belt — a corridor it clearly views as structurally undersupplied relative to demand. Beyond Shriram Pillai Land, the developer has active interests in adjacent sub-markets: Shriram Songs of the Earth is a smart home residential project located in Attibele near Chandapura, offering 340 apartments across 4 acres. Shriram Codename The One is a thoughtfully designed residential project located in Chandapura, offering 2 and 3 BHK apartments ranging from 1,210 to 1,710 sq ft, priced from ₹1.02 crore.
This cluster approach is consistent with how the company has operated in Bengaluru historically — building brand density in a micro-market, which supports resale liquidity and community formation. For a buyer evaluating Shriram Pillai Land, the presence of delivered and under-construction Shriram communities in the same belt is a tangible reference point for build quality and timeline credibility.
Chandapura is moving from being seen as a budget-driven suburb to a location people are now watching more seriously for long-term residential value. Three factors drive that shift simultaneously.
As of February 2025, the average property price in Chandapura stood at ₹5,800 per square foot, reflecting appreciation of approximately 33.3% over the prior year and 65.7% over the prior five years. In the October–December 2024 quarter, multistorey apartments in Chandapura were priced between ₹4,195 and ₹7,183 per square foot, with an average of ₹5,689 per square foot.
Flat rates in Chandapura have changed by 55.8% over both the last three and five years, and 130.8% over the last ten years — a rate of compounding that reflects the area's structural demand, not cyclical speculation. Chandapura combines three market-shifting factors simultaneously: proximity to major job hubs like Electronic City, an operational metro-backed commute via Bommasandra on the Yellow Line, and entry pricing still well below mature pockets like HSR Layout or Koramangala.
For families evaluating Shriram Pillai Land as a long-term home rather than a pure investment, the existing social layer around Chandapura is already substantial. Educational institutions including Alliance University, St. Francis De Sales College, PES Engineering College, and Manipal International School are within 10 km. Healthcare is anchored by institutions such as Narayana Hrudalaya Institute of Medical Sciences, Sparsh Hospital, and Mazumdar Shaw Medical Center. Reputed international schools including The International School Bangalore (TISB) and Indus International School are also accessible from this belt. The Chandapura Saturday market — a weekly agricultural market drawing buyers from across south Bangalore — provides ground-level retail access that no mall can replicate.
For buyers choosing between Shriram Pillai Land and other options in the Chandapura–Attibele sub-market, the relevant differentiators are institutional rather than marketing: a listed developer on NSE and BSE, a CRISIL A-rated balance sheet, institutional equity partners, and a track record of handing over approximately 3,000 units in a single year. Nearly 75% of Shriram Properties' ongoing projects are already sold, and the company carries no material inventory in its completed phases — a signal of real demand, not developer-held stock. The company has an established track record of delivering quality projects on time, and aims to apply the same standards to the Chandapura development.
Shriram Properties designs its housing products to suit salaried professionals, young families, and first-time homebuyers — typically with compact configurations, efficient amenities, and locations calibrated to employment hubs and transportation corridors. Shriram Pillai Land, at 750–1,100 sq ft across 2 and 3 BHK formats, on a 9-acre site in a market currently averaging ₹5,800 per sq ft, fits that profile precisely.
