Shriram Properties acquires 4-acre land on Sarjapur Main Road for ₹550-600 crore project
Strategic Land Acquisition Strengthens Shriram's Bengaluru Pipeline
Shriram Properties Limited has acquired a strategically well-located land parcel of ~4 acres on Sarjapur Main Road, South-East Bengaluru, through an outright purchase transaction. The project is expected to be launched during latter part of 2026.
Premium High-Rise Development Details
The company plans to develop a premium high-rise residential project comprising approximately 5 lakh square feet of saleable area with an estimated Gross Development Value of around INR 550-600 crore.
This acquisition adds to Shriram Properties' established presence in one of Bengaluru's fastest-growing residential corridors. The company has delivered 50 projects with a saleable area of 30.8 million square feet, primarily in Bengaluru and Chennai. As of December 31, 2025, SPL has a development pipeline comprising 42 projects with an aggregate development potential of 36 million square feet, including 18 million square feet of ongoing projects.
Connectivity and Market Position
Strategically located near key hubs such as Whitefield, Varthur and Outer Ring Road, and close to the upcoming Dommasandra Metro Station, the development aims to tap sustained demand in the Sarjapur micro-market.
The project is located in the Sarjapur belt, a corridor that has witnessed sustained residential demand due to its proximity to major IT hubs and improving infrastructure. It is also situated close to reputed international schools and the upcoming Dommasandra Metro Station, enhancing its appeal for end-users seeking convenience and urban lifestyle amenities.
Sarjapur Residential Market Context
The Sarjapur corridor has become a focal point for residential development in South-East Bengaluru. Property prices here have jumped over 73% since 2019, crossing ₹10,000/sq ft in several micro-markets. Capital appreciation averages 8 to 10% over the last five years, with rental yield of 3.5 to 4% among the highest in Bengaluru.
Major developments by top developers like Prestige, Sobha, Brigade, and Birla offer everything from gated communities to smart homes. With the fast pace of infrastructure development, property rates are likely to increase steadily.
Infrastructure Momentum
Namma Metro Phase II Extension is planned from Central Silk Board to Sarjapur Road by 2027, projected to serve over 200,000 commuters daily. An elevated corridor between Silk Board and KR Puram is under construction and will cut travel time by up to 50%.
Major infrastructure projects like the Hebbal-Sarjapur corridor, Namma Metro Phase 3, Peripheral Ring Road, and STRR are further enhancing the area's accessibility and liveability.
Developer Track Record
Shriram Properties started its journey in the year 2000 to transform urban living. What started in Bengaluru gradually spread across South India, reaching cities like Chennai, Coimbatore and Visakhapatnam. The company is focused on the mid-market and mid-premium residential segments, with key markets including Bengaluru, Chennai, Pune and West Bengal.