Electronic City Phase II is one of the micro-markets where Shriram Properties has repeatedly chosen to build, alongside its Shriram Signia project across in Phase I. Shriram Properties Limited is an Indian real estate development company headquartered in Bengaluru, and commenced operations in the city in 2000 as part of the Shriram Group founded by R. Thyagarajan. Its primary markets today are Bengaluru, Chennai and Kolkata, with additional presence in Pune, Coimbatore and Visakhapatnam. Electronic City, spanning both Phase I and Phase II along Hosur Road, sits squarely inside that Bengaluru core, and Shriram Codename Break Free is the developer's flagship compact-home format in Phase II.
Shriram Codename Break Free is a residential project located in Electronic City Phase II, Bangalore, with proximity to key roads like Hosur Road and the NICE Peripheral Ring Road. The project offers 644 units spread across 6.6 acres, developed as low-rise blocks rather than a single high-density tower, a format Shriram has used elsewhere in its mid-market portfolio. The available unit options include 2 and 3 BHK apartments with varying area and price ranges, and from 860 sq ft to 1010 sq ft, units are priced at 51.00 lakh to 59.24 lakh. The project is registered under RERA number PRM/KA/RERA/1251/308/PR/190330/002519. Amenities in the project include a gymnasium, power backup, 24x7 security, a cafe, rainwater harvesting, and others.
Break Free is not Shriram's only imprint on this stretch of South Bengaluru. In Electronic City Phase I, the developer's Shriram Signia project sits just opposite Wipro Gate #13 and close to Infosys, HCL, HP and other corporate hubs, underscoring a pattern of building close to the same employment base across both phases of Electronic City. For buyers, this means Shriram carries a track record specific to this corridor, not just a city-wide brand.
Shriram Properties has delivered 51 projects spanning over 31.5 million square feet, mainly in Bengaluru and Chennai. In 2021, the company was listed on the Bombay Stock Exchange and the National Stock Exchange of India. Institutional capital has backed its growth over the years: it counts Walton St Capital, Starwood Capital Group and Mitsubishi Corporation among its investors. On the credit side, rating agency assessments have noted a CRISIL A-/Stable credit grade alongside record execution, with over 3,000 units delivered in FY24, and an expected sales volume of roughly 5 million square feet and collections of about Rs 1,800 crore in fiscal 2025. The company's product mix has also been shifting upward: with 67% of finished and ongoing projects in mid-market and mid-premium sectors, Shriram Properties has been migrating from purely affordable housing into these segments, a positioning that fits a project like Break Free, priced for young professionals and small families rather than the luxury end of the market.
Electronic City itself is the reason the mid-market format works here. Electronic City, spread across Phases I and II, hosts offices of almost every major tech name including Wipro, Infosys, HP, Siemens, HCL, TCS and Tech Mahindra. That employment density is precisely the buyer pool Shriram has built its business around: professionals seeking a functional home close to work rather than a landmark address. A rental yield of 4-5% in the area, among the highest in Bangalore, is driven by a captive workforce of over 150,000 IT professionals, which supports both end-use and investment demand for a compact 2-3 BHK product like Break Free.
Price trends for Shriram's own projects in Phase II reinforce this. Among popular projects with healthy price growth in the locality, Shriram Liberty Square, another Shriram Properties development in Electronic City Phase II, has recorded 15.8% year-on-year appreciation, a useful reference point for how the brand's projects have performed in this specific micro-market rather than the city at large.
Access has improved materially in the recent past. The Namma Metro Yellow Line, running from RV Road to Bommasandra across 19.15 km and 16 stations, was inaugurated in August 2025 and is now operational, bringing metro access to Electronic City's doorstep. Within Phase II specifically, key stations including Bommasandra, Huskur Road and Hebbagodi directly serve Phase 2 residents. On the road side, the Electronic City Elevated Expressway connecting to Silk Board junction is already functional and has significantly reduced travel time to central Bangalore, while the project's own frontage on Hosur Road and the NICE Peripheral Ring Road adds a second layer of access toward Mysore Road and the wider ring network.
Average capital values in the immediate locality provide context for where Break Free sits in the market. Apartments in Electronic City Phase 2 are available at an average price of around ₹7,400 per square foot, placing Shriram's per-unit pricing at Break Free toward the accessible end of that band, in line with the developer's mid-market positioning. Around the project, the belt has matured beyond a pure office district into a residential ecosystem with schools, hospitals and retail serving daily needs, supporting the kind of end-user demand that a 644-unit, 6.6-acre community depends on for long-term occupancy and rental uptake alike.
