JDA signed for ₹600 crore premium row houses project in North Bengaluru (Yelahanka)
Shriram Properties Enters North Bengaluru with ₹600 Crore Yelahanka Row Housing JDA
Shriram Properties has executed a joint development agreement for approximately 7 acres from a 15-acre prime plot in Yelahanka, with a premium row houses project carrying an estimated gross development value of ₹600 crore. The project is scheduled for launch in the forthcoming fiscal year.
Strategic Location Alongside Biodiversity Park
The project is positioned alongside the proposed Madappanahalli Biodiversity Park—commonly referred to as 'Mini Lalbagh'—a 154-acre park featuring themed gardens, aviaries, and medicinal plants. The site is located in the rapidly growing Yelahanka region, an area known for its strong infrastructure and proximity to key urban developments, including the upcoming biodiversity park and Kempegowda International Airport.
Yelahanka as North Bengaluru's Emerging Hub
Yelahanka has experienced property price growth of 7–10% year-on-year. The Blue Line metro station is set to be inaugurated in June 2026, providing uninterrupted connectivity to Kogilu Cross and central Bengaluru. India's first fully elevated railway terminal at Yelahanka is a ₹6,000 crore project featuring 16 platforms inspired by Hangzhou's vertical station design.
The neighbourhood is near Manyata Tech Park, one of Bengaluru's largest IT hubs, along with KIADB parks and Kirloskar Business Park, which generated over 50,000 jobs in Q3 2025, largely for millennials who value Yelahanka's greenery and quieter environment.
Property prices range from ₹7,000 to ₹8,500 per sq. ft., with annual appreciation of 7–10% and rental yields of 3.5–4%.
Asset-Light Growth Strategy
The project reflects Shriram Properties' asset-light business model, with a focus on partnerships and collaboration with landowners to achieve scalable, capital-efficient growth. In September, the developer signed another joint development agreement for 6.5 acres in North Bengaluru to launch a premium residential project with a potential gross development value of around ₹500 crore.
Developer Footprint in South India
Headquartered in Bengaluru, Shriram Properties has earned a solid reputation for delivering quality developments across the residential and mixed-use segments, especially in the mid-market and affordable housing space. The company is a publicly listed entity on the BSE and NSE with a market cap of ₹1,669 crore and a portfolio of 51 projects spanning 52.75 million sq ft.
As of September 30, 2025, Shriram Properties has delivered 48 projects covering 28.3 million sq. ft. and has a robust pipeline of 39 ongoing and upcoming developments totalling 36 million sq. ft.
Broader Bengaluru Pipeline
This marks the latest in a series of strategic expansions for Shriram Properties in Bengaluru. In September 2025, the firm inked another JDA for 6.5 acres in North Bengaluru targeting a premium residential project with a ₹500 crore GDV. Earlier, in July 2025, the company unveiled 'The One,' a mid-premium gated community in Electronic City with 340 units across 5 lakh square feet and a revenue potential exceeding ₹350 crore, set for completion within three years.