On 15 June 2026, Shriram Properties Limited (SPL) announced the signing of a Joint Development Agreement (JDA) for a 9.1-acre land parcel in Doddagubbi, North-East Bengaluru. The company plans to develop a scenic, lake-facing apartment complex on the parcel, with a development potential of approximately 6.7 lakh sq ft and an estimated Gross Development Value (GDV) of over ₹600 crore. The project is expected to be launched during the current financial year. This is Shriram Properties' first announced project in the Doddagubbi micro-market, and its entry carries weight given the developer's track record across Bengaluru.
Shriram Properties commenced operations in Bengaluru in the year 2000, building its reputation across mid-market and mid-premium residential segments before expanding to other cities. Over the years, the company has expanded its footprint across major South Indian cities including Bengaluru, Chennai, Coimbatore, Visakhapatnam, and Kolkata. In 2021, it was listed as a public company on the NSE and BSE.
With 51 projects already delivered, spanning over 31.5 million square feet, mainly in Bengaluru and Chennai, SPL has demonstrated the ability to execute at scale across diverse Bengaluru micro-markets. SPL has a demonstrated track record having delivered 50 projects with a saleable area of 30.8 million sq ft, and maintains a strong development pipeline comprising 42 projects with an aggregate development potential of 36 million sq ft, including 18 million sq ft of ongoing projects, as of December 2025.
Shriram Properties is one of India's leading residential real estate developers, focused on the mid-market and mid-premium segments, with key markets in Bangalore, Chennai, and Kolkata. Part of the Shriram Group, the company also operates across plotted developments, mid-premium, luxury housing, and commercial and office spaces in its core markets. In Bengaluru specifically, prior projects such as Shriram Luxor on Hennur Main Road and Shriram Summitt have established SPL as a familiar name along the north and north-east corridors.
The company plans to develop an exclusive, scenic lake-facing apartment complex with a development potential of approximately 6.7 lakh sq ft and an estimated GDV potential of over ₹600 crore. The development will focus on thoughtfully designed homes, green spaces, natural ventilation, and modern lifestyle amenities. The project enjoys a scenic lake-facing setting, offering residents a distinctive combination of urban convenience and natural surroundings, while creating a balanced and future-ready living environment for contemporary families.
This transaction further strengthens SPL's development pipeline in Bengaluru and aligns with SPL's strategic growth focus on expanding through asset-light development models in high-potential micro-markets. The JDA structure — where SPL brings development expertise rather than outright land capital — is consistent with the approach the developer has used to accelerate its pipeline across Bengaluru's peripheral growth corridors.
Doddagubbi sits in north-east Bengaluru within a corridor that has attracted sustained residential demand as the city's IT workforce looks beyond saturated inner suburbs. The location offers excellent connectivity to key parts of Bengaluru through Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport connectivity corridor, enabling seamless access to major IT hubs, commercial centres, educational institutions, healthcare facilities, retail destinations, and entertainment zones.
Doddagubbi Main Road and Hennur Bagalur Main Road offer smooth connectivity for the locality. The area is surrounded by green spaces like Kalkere Lakes and Doddagubbi Panchayat Park, giving residents a calm environment with less urban noise. For buyers relying on public transport, the area is still some distance from metro and railway stations, making it more convenient for households with private vehicles — a condition that ongoing road-widening and the city's suburban rail programme are expected to gradually improve.
Doddagubbi, located in north-east Bengaluru, has witnessed increasing residential demand due to improving connectivity and expanding infrastructure. The Doddagubbi property rates have shown consistent appreciation, reflecting the area's growing popularity, with price trends indicating steady growth driven by improved infrastructure and increasing demand. Current property prices in Doddagubbi range from approximately ₹1,481 to ₹4,907 per sq ft, presenting a wide band that still leaves meaningful headroom relative to established north Bengaluru localities.
Real estate trends in Bangalore remain strong in 2026, driven by IT growth, migration, and major infrastructure upgrades. In 2026, Bangalore's property market is bifurcated between the premium IT corridors that have seen explosive appreciation and the developing peripheral areas that offer affordability and growth potential — and Doddagubbi falls firmly into the latter category, which is precisely the segment Shriram Properties has historically targeted and understands well.
The area is witnessing an increasing number of gated communities and apartment complexes, and Shriram's entry at the ₹600 crore GDV scale signals a meaningful step-up in the quality ceiling for the micro-market.
The region provides access to major IT hubs, commercial centres, educational institutions, healthcare facilities, retail destinations, and entertainment zones. Nearby educational institutions include St Norbert ICSE School, Legacy School Bangalore, and NBC Group of Institutions, while prominent hospitals in and around Doddagubbi include Medi Derma Hospital, Bangalore Prime Hospital, and Eshawar Hospital.
Shriram Properties' Vice President for Business Development, Akshay Murali, noted that 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, with the micro-market presenting strong long-term potential owing to its strategic location and evolving social infrastructure.
The Doddagubbi JDA is part of a broader pattern of SPL deepening its presence across Bengaluru's growth periphery. The company's consolidated net profit jumped 64.4% to ₹78.53 crore in Q4 FY26 compared with ₹47.78 crore in Q4 FY25, with net sales increasing 57.2% year-on-year to ₹640.88 crore in the same quarter — a financial trajectory that gives SPL the balance sheet capacity to pursue multiple simultaneous launches. For a buyer evaluating Shriram Doddagubbi, the developer's financial momentum matters as much as the project's lake-facing address.