Shriram Properties Ltd, one of South India's established residential developers, launched its first project — Shriram Shriranjani — in Bengaluru in 2000, and has grown steadily from that single address into a recognised name in the mid-market and mid-premium segments. Over the two-plus decades since, Electronic City has become one of the corridors where that growth is most visibly concentrated. The developer has returned to this southern Bangalore belt repeatedly — through Shriram Summitt in Electronic City Phase 1, Shriram Liberty Square at Glass Factory Layout in Phase 2, Shriram 107 SouthEast on a 19-acre parcel near Phase 2, and now Shriram Codename The One near Madiwala Village off Hosur Road — making it, alongside Sarjapur Road, their most active micro-market in the city.
As of late 2025, Shriram Properties has delivered 50 projects with a saleable area of 30.8 million sq ft, mostly in Bengaluru and Chennai, and carries a development pipeline of 42 projects with an aggregate potential of 36 million sq ft, including 18 million sq ft of ongoing work. The company is listed as a public company on NSE and BSE, and was awarded a CRISIL A-Stable credit rating in 2023. That combination — listed entity, investment-grade credit rating, two-decade delivery record — gives buyers in Electronic City a measurable benchmark against which to evaluate commitment.
Bengaluru, Chennai, and Kolkata collectively contribute to nearly 85% of Shriram Properties' development activity, with Bengaluru remaining the single largest market. Electronic City, sitting at the intersection of the city's largest IT employment base and its most active mid-income housing demand, fits precisely the segment Shriram Properties has spent 25 years building for.
Shriram Codename The One is a new-age smart home apartment project located near Electronic City on Hosur Road, South Bangalore, spread across 4 acres and featuring six towers of ground plus stilt plus 14 floors. The project offers 340 apartments in 2 BHK and 3 BHK configurations. Over 80% of the site is maintained as open space, a density ratio that is deliberately low for the Electronic City belt.
A key highlight is what the developer describes as Bengaluru's largest sky terrace, serving as a signature recreational and social zone. The project also includes a clubhouse, gymnasium, swimming pool, jogging tracks, children's play zones, multipurpose hall, and outdoor courts. The project is a new launch currently, with expected delivery by April 2030, and holds RERA registration number PRM/KA/RERA/1251/310/PR/120625/007819.
The site sits at the intersection of Electronic City, Hosur Main Road, Attibele, and has access to Sarjapur Road. Major infrastructure developments in direct proximity include the upcoming Peripheral Ring Road and the Bangalore-Chennai Expressway.
Electronic City Phase 2 houses some of the most advanced IT, biotech, and R&D campuses in the city — including Infosys's largest corporate campus, Tech Mahindra, Wipro, HP, Biocon, TCS, and Siemens. This employment density is precisely the demand driver that sustains both end-user and rental demand for the configurations Shriram Properties builds: 2 BHK and 3 BHK apartments priced for salaried IT professionals.
The Namma Metro Yellow Line — a 19 km elevated corridor connecting RV Road to Bommasandra via Electronic City — became fully operational in August 2025, with all 16 stations in service and peak-hour frequency of approximately every 10 minutes as of early 2026. This is a structural change in the area's accessibility profile, eliminating a historically weak point of the corridor. The BETL elevated expressway running from Silk Board to Electronic City has reduced peak-hour friction on Hosur Road since its commissioning, and the NICE Road links Electronic City southward and westward to Mysuru Road, Kanakapura Road, and Bannerghatta Road.
ANAROCK's Bengaluru Residential Market Report 2024 notes that Electronic City continues to offer a 20–30% price benefit compared to Whitefield and the Outer Ring Road, while still sitting on a strong IT and infrastructure base. For a buyer choosing between comparable Shriram products across the city, that differential matters — and it explains why Shriram Properties has chosen to bring a premium-positioned launch like Codename The One to this specific corridor at this specific moment.
Magicbricks data pegs average multistorey apartment prices in the Electronic City and Hosur Road micro-market at roughly ₹7,000–₹7,700 per sq ft, with a clear upward trend over recent quarters. Flat rates in Electronics City Phase 1 changed by 24.2% in the last one year, 26.3% in the last three years, and 41.9% in the last five years, according to 99acres data. Gross rental yields for well-located 2 BHK and 3 BHK units in gated communities in the Electronic City belt typically run at 4–5%, which is above the city average for comparable configurations.
Shriram Properties has designed its housing products to suit the needs of salaried professionals, young families, and first-time homebuyers — with compact configurations, efficient amenities, and good access to employment hubs and transportation corridors. Each of the Electronic City projects this developer has launched follows that logic: sites selected within commuting proximity of the Phase 1 and Phase 2 tech parks, unit sizes calibrated to dual-income professional households, and amenity packages that include clubhouse, pool, and children's infrastructure without the overhead of ultra-luxury positioning.
The progression from earlier completed projects like Shriram Summitt and Shriram Liberty Square to the current Codename The One also shows a deliberate shift in density and aspiration. Codename The One, spread across 4 acres, offers Signature 2 and 3 bed residences with over 80% open spaces, positioning it as a low-density product within a market that has seen significant densification over the past decade.
Over the past two decades, Electronic City has grown from an industrial area to a mixed-use zone with tech parks, residential projects, hospitals, schools, and malls. For Shriram Properties buyers in this corridor, that translates into operational social infrastructure — not prospective. Schools, hospitals, and retail have already scaled to serve the resident population of over 200 companies and their workforce, reducing the settlement risk that once accompanied early-mover decisions here.
