Shriram Properties Ltd — incorporated in Bengaluru in 2000 and listed on BSE and NSE in December 2021 — has built its South India footprint across Bengaluru, Chennai, Coimbatore, Visakhapatnam, and Kolkata. The company commenced operations in Bengaluru in the year 2000 and has since expanded its presence to Chennai, Coimbatore, and Visakhapatnam. With 51 projects already delivered, spanning over 31.5 million square feet, mainly in Bengaluru and Chennai, the developer has strengthened its position in key micro-markets with standout projects. Shriram Properties is part of the Shriram Group of companies, an INR 90,000 crore financial conglomerate with a strong presence across South India. Its entry into Koramangala 1st Block — one of the city's tightest-supply residential pockets — marks a deliberate upward shift from its mid-market core toward the boutique luxury segment.
Koramangala sits at the strategic junction of major arterial roads that define southeast Bangalore's geography. It enjoys strategic proximity to major roads such as Intermediate Ring Road, Outer Ring Road, Sarjapur Road, and Hosur Road, offering seamless access to Central Bangalore, Indiranagar, HSR Layout, Bellandur, and Electronic City. Within Koramangala itself, the 1st Block occupies a quieter residential character that contrasts with the commercial intensity of the 5th and 6th Blocks. The 1st Block is a quiet, residential area with wide streets and older, well-built homes, popular with families and long-term residents.
This character makes land here scarce and new large-scale projects rare — a fact that anchors the case for buying into Shriram Esquire. In Koramangala, properties range from independent homes and luxury villas to apartments and resale flats, but new large-scale projects are rare due to space constraints. Consistent year-on-year appreciation of 14.7% in 2024–25 and strong rental demand make Koramangala a relatively stable real estate market — property values here have historically been resilient even during market corrections.
The area's price band confirms its premium positioning. Flat prices in 1st Block Koramangala, Bangalore are in the range of Rs 15,200–21,950 per square foot. Across Koramangala broadly, the average property price stands at approximately Rs 15,600 per square foot as of 2025, representing a 14.7% appreciation over the previous year. Demand drivers remain structural: expanding IT employment, relatively accommodative mortgage rates, and a steady inflow of migrants continue to feed rental demand. The Namma Metro Yellow Line, a 19 km elevated corridor, has been operational since August 2025, connecting RV Road and Bommasandra via Electronic City, with all 16 stations in service — improving last-mile access for residents of southeast Bangalore.
Shriram Esquire was officially launched on 24 January 2023 and is expected to complete by 19 January 2027. It is located at Nirguna Mandir Layout, Cauvery Colony, Ejipura, within the 1st Block of Koramangala (PIN 560034). The project is positioned on what is referred to as the Billionaire's Avenue of Koramangala.
The development is deliberately compact. Spread across 1.17 acres, the project comprises 2 towers of 8 floors each, with 64 units, offered on a freehold basis. Buyers can choose from 3 BHK and 4 BHK apartments ranging from 1,940 sq ft to 2,370 sq ft, all equipped with a curated set of amenities. The scale — 64 homes across just over an acre — is a deliberate boutique positioning, unusual for a developer whose portfolio skews toward larger mid-market communities elsewhere in the city.
Pricing at Shriram Esquire has tracked upward through the construction cycle. During Q4 2025, average property prices at the project moved from Rs 16,600 per sq ft to Rs 22,400 per sq ft, reflecting a 34.94% rise; in Q3 2025, prices had already risen 10.30% from Rs 15,050 to Rs 16,600 per sq ft. The RERA registration number for the project, filed with the Karnataka Real Estate Regulatory Authority, is PRM/KA/RERA/1251/310/PR/080223/005702.
Shriram Properties has equipped Esquire with a specification set that goes beyond what the developer typically deploys in its volume housing. A 3-storey club has been handcrafted to serve as the community's centrepiece. Residents have access to a swimming pool, barbecue facilities, a squash court, and a gazebo — an exclusive offering only for Esquire residents. The full amenity list also includes landscaped gardens, a gymnasium, recreation rooms, outdoor sports courts, a children's play area, a party hall, and 24/7 security. Valet service, listed prominently in the developer's own marketing, signals how firmly this product is aimed at the top of the Koramangala residential market.
Koramangala 1st Block's social infrastructure is already mature. The immediate vicinity has 6 educational institutes and around 6 medical care centres within proximity. Notable references include The Freethinking School, Christ University, and Marvel Multispeciality Hospital, all nearby landmarks. Manipal Hospital is approximately 1.2 km away, and Apollo Spectra Hospital around 2.3 km. For retail and lifestyle, Nexus Mall (formerly Forum Mall) and local dining institutions such as Empire Restaurant are within the broader Koramangala neighbourhood.
Major multinational corporations including Wipro, Accenture, and Oracle — already present in Koramangala — announced expansions or leased additional floors in late 2024, reinforcing the commercial gravity that keeps residential demand in the area anchored to occupier activity rather than pure speculation. For a buyer at Shriram Esquire, the practical implication is short commutes, dense amenity coverage, and a tenant profile — if the apartment is ever rented — drawn from senior professionals and startup founders rather than entry-level workers.
For a buyer evaluating a developer's credibility in a boutique luxury segment they haven't historically dominated, Shriram Properties' corporate record is relevant context. The company is publicly listed, with shares trading on both BSE (543419) and NSE (SHRIRAMPPS), having raised Rs 600 crore through its December 2021 IPO. Its institutional investors have included Walton Street Capital, Starwood Capital Group, and Mitsubishi Corporation. Having delivered 48 projects already, the company holds a pipeline of 37 projects spanning 38.41 million sq ft. Across Bangalore specifically, Shriram Properties has active offerings in Bommasandra, Yelahanka, Electronic City, and Koramangala — meaning the developer has operational and sales infrastructure throughout the city, not just at a single launch.
Shriram Esquire represents the developer's most centrally located Bangalore offering at this time, and its most explicit move into the boutique luxury format. The combination of an established corporate entity, a RERA-registered project, a constrained-supply locality, and a price trend that has posted back-to-back quarterly gains gives buyers a coherent investment thesis — grounded in facts rather than promotional claims.
