JDA signed for ₹350+ crore villament project in Bannerghatta, South Bengaluru
Shriram Properties Enters Bannerghatta Road with ₹350 Crore Villament JDA
Shriram Properties has signed a Joint Development Agreement (JDA) for ~5 acres of land parcel in Bannerghatta Road, South Bengaluru. The company plans to develop an exclusive villament community with an estimated GDV potential of over Rs 350 crore. The project is expected to be launched during FY26.
Strategic South Bengaluru Expansion
The Bannerghatta Road acquisition aligns with Shriram Properties' key markets, which include Bengaluru, Chennai, Pune, and Kolkata. The company has delivered 48 projects with a total saleable area of 28.3 million square feet, primarily in Bengaluru and Chennai. The project is scheduled for launch in FY26 and will further enhance SPL's growing mid-premium housing portfolio.
The Bannerghatta location offers excellent connectivity, well-developed social infrastructure, and a blend of urban convenience with natural serenity. The upcoming villaments project on Bannerghatta Road, one of Bengaluru's most dynamic and desirable residential corridors, embodies SPL's philosophy. With its excellent connectivity, vibrant social ecosystem, and serene green surroundings, Bannerghatta Road is the ideal setting for discerning homebuyers seeking both exclusivity and convenience.
Villament Format Gains Momentum
According to Q3 2025 figures, demand for villaments in Bangalore has jumped by 37%. A villament is essentially a hybrid concept that combines the independence of a villa with the convenience and community feel of an apartment. Typically spread across 1,600 to 2,500 sq ft, these homes often feature duplex layouts, private gardens, open terraces, and community facilities like gyms and swimming pools.
With standalone villas in Bengaluru starting at ₹5 crore and above, villaments priced between ₹1.5 crore and ₹3 crore provide a far more attainable option. With the city's villa market pricing out most mid-income buyers and the apartment market reaching saturation, villaments have emerged as the next growth driver for Bengaluru real estate. Developers are expected to launch more villament projects in 2026, targeting the ₹2–4 crore segment.
Part of Accelerating South Bengaluru Pipeline
In October, SPL signed a JDA for a premium row housing project in Yelahanka, North Bengaluru, with an estimated GDV of around ₹600 crore. As of September 30, 2025, SPL's development pipeline comprises 39 projects with an aggregate potential of 36 million square feet, including 19 million square feet currently under development.
Multiple upcoming metro stations like Hulimavu and Kalena Agrahara are improving commute times dramatically. Leading hospitals (Fortis, Apollo), top schools (Ryan, Sherwood), and malls (Royal Meenakshi, Gopalan) are all within reach. Proximity to Bannerghatta National Park and various lakes adds ecological value and wellness appeal.