Shriram Properties Ltd, one of South India's leading residential real estate developers, marked 25 years of operations in 2024–25, having launched its debut project, Shriram Shriranjani, in Bengaluru in 2000. Over those two-and-a-half decades, the company has concentrated its development activity precisely where Bangalore's growth story is still unfolding. With a portfolio of 50 thoughtfully developed projects spanning over 30.8 million square feet, primarily in Bengaluru, Chennai, and Kolkata, Shriram Properties has built a recognisable and consistent presence in the city's mid-market and mid-premium residential segments. It has drawn institutional confidence from marquee investors including Walton Street Capital, Starwood Capital Group, and Mitsubishi Corporation.
The company was listed as a public company on the NSE and BSE in 2021 and was awarded a CRISIL A – Stable Credit Rating in 2023. Recent recognition includes Builder of the Year (Medium) from the Construction Times BAM Awards 2024 and Most Respected Real Estate Brand of the Year from Hurun India's Most Respected Real Estate Leaders' Conclave and Awards 2024. Rajanukunte, on the Doddaballapur Main Road corridor in North Bangalore, fits the pattern of micro-markets that Shriram Properties has consistently targeted: areas with good arterial connectivity, measurable social infrastructure, and room for capital appreciation before saturation.
Shriram Codename Smash Hit is a premium residential apartment project by Shriram Properties located in Rajanukunte, North Bangalore. Launched in late 2024, the project is currently under construction with possession expected by July 2029. Developed by Shriram Properties and spread over 4 acres of prime land, the project offers 2 and 3 BHK luxury apartments across 270 units in 3 towers, each with a basement, ground floor, and 12 upper floors.
Apartment sizes range from 1,085 sq ft to 1,755 sq ft. The development features over 80% open spaces and proximity to the 300-acre Hesaraghatta Grasslands and surrounding state forests. The project carries RERA registration number PRM/KA/RERA/1251/309/PR/170924/007026.
| Configuration | Size Range | Approximate Price Range |
|---|---|---|
| 2 BHK | 1,065 – 1,275 sq ft | From ₹78.8 lakh onwards |
| 3 BHK | 1,285 – 1,755 sq ft | Up to approx ₹1.27 Cr |
The project offers well-designed 2 and 3 BHK apartments and features a fully equipped gym, swimming pool, children's play area, clubhouse, and landscaped gardens, all under 24/7 security. The development also incorporates eco-friendly features such as rainwater harvesting, energy-efficient lighting, and waste management systems.
Rajanukunte sits on the Bangalore–Hyderabad highway and is recognised for its calm surroundings and rich greenery. The area is close to Doddaballapur Road, Yelahanka Railway Station, the Outer Ring Road, and NH 44, making it accessible from multiple directions. The location places residents within reach of Yelahanka, IVC Road, Presidency University, Sai Vidya IT College, BMS University, Angsana Resort, and sports and health centres; Bellary Road, Jakkur, Hebbal, Kempegowda International Airport, and Manyata Tech Park are approximately 30 minutes away.
The locality hosts several educational institutions, including Vishwa Vidyapeeth Rajanukunte, Sai Vidya Institute of Technology, and Presidency University, all within a 4 km radius. Healthcare facilities including Rajanukunte Hospital and Chiguru Hospital are available to residents. For a developer whose product is deliberately positioned in the mid-market and mid-premium band, Rajanukunte delivers the combination of functional social infrastructure and relative affordability that sustains genuine end-user demand.
The Bengaluru Suburban Rail Project (BSRP) is a 148-km network across four corridors, one of which — the Kanaka corridor — runs from Heelalige to Rajanukunte across 46.24 km. Targeted for phased rollout by 2026 and full commissioning by 2029, the BSRP aims to connect Bengaluru's growing suburbs like Devanahalli and Yelahanka to the city core with affordable, fast rail transit. Unlike metro, suburban rail covers longer distances at lower fares, making peripheral zones like Rajanukunte practical daily commute areas.
The Blue Line metro, expected by 2026, will enhance connectivity to northern Bangalore and the Kempegowda International Airport, with a specific connection from Heelalige to Rajanukunte. The Satellite Town Ring Road, spanning over 280 km, will connect 12 satellite towns and integrate key growth nodes including Doddaballapur; the first 80 km stretch was inaugurated by Prime Minister Narendra Modi on March 11, 2024.
Experts forecast rental appreciation of 20–25% in North Bangalore in 2025, with an average property price increase of 10–15% annually anticipated over the next five years. Despite being a popular residential zone, Rajanukunte remains one of the few areas in North Bangalore where property prices are still relatively affordable, with an average asking price of approximately ₹5,600 per sq ft. This gap between current pricing and incoming infrastructure explains the sustained buyer interest in projects that Shriram Properties launches at this address.
Shriram Properties has delivered over 48 completed projects covering approximately 27.6 million square feet of built-up space across apartments, villas, plotted developments, and integrated townships, and maintains a robust pipeline with 37 ongoing and upcoming projects collectively covering more than 36 million square feet. The Rajanukunte project follows a pattern the developer has repeated across North Bangalore — targeting emerging corridors before they fully price in, and building a mixed-use residential community where open space, connectivity to employment nodes, and gated community amenities converge.
Shriram Properties was established in 1995 and primarily focuses on mid-market and affordable housing, while also providing plotted development, mid-market premium, and luxury apartment categories as well as commercial and office complexes in its key markets. Its core markets — Bengaluru, Chennai, and Kolkata — collectively contribute to nearly 85% of its development activities, with Bengaluru remaining the dominant geography by volume and brand recognition. The decision to plant a project at Rajanukunte, where infrastructure timelines align with a 4–5 year construction window, reflects this measured, market-led approach rather than speculative land banking.
