Shriram Properties to Develop ₹600 Crore Lake-View Residential Project in North-East Bengaluru

Shriram Properties Ltd (SPL) has strengthened its Bengaluru development pipeline with the signing of a Joint Development Agreement (JDA) for a 9.1-acre land parcel in Doddagubbi, one of the rapidly emerging residential corridors in North-East Bengaluru. The proposed project is expected to have a gross development value (GDV) of more than ₹600 crore and a total development potential of approximately 6.7 lakh square feet.

The upcoming development will feature a premium lake-view residential community designed to cater to the growing demand for quality housing in Bengaluru. According to the company, the project is scheduled to be launched during the current financial year and will focus on creating a modern living environment with thoughtfully planned homes, green spaces, natural ventilation, and lifestyle-oriented amenities.

North-East Bengaluru has emerged as a preferred destination for homebuyers due to its strong infrastructure growth and excellent connectivity. The project site offers seamless access to key transportation corridors, including Thanisandra Main Road, Hennur Road, Outer Ring Road (ORR), and the airport connectivity corridor. Residents will also benefit from proximity to major IT parks, commercial centres, educational institutions, healthcare facilities, retail hubs, and entertainment destinations.

The lake-view location is expected to enhance the project’s appeal, offering a blend of urban convenience and natural surroundings. With increasing demand for residential developments that provide open spaces and better quality of life, the project is positioned to attract both end-users and investors.

Shriram Properties stated that the latest acquisition aligns with its asset-light growth strategy focused on expanding its presence in high-potential micro-markets. The company continues to identify strategic opportunities across Bengaluru, one of India’s most active residential real estate markets.

Commenting on the development, Akshay Murali, Vice President – Business Development at Shriram Properties, said North-East Bengaluru continues to witness strong residential demand driven by infrastructure improvements and long-term growth prospects. He added that the company aims to create a differentiated residential community focused on comfort, quality living, and contemporary homebuyer expectations.

The new project further reinforces Bengaluru’s position as a key growth market for India’s residential real estate sector while strengthening Shriram Properties’ expanding development portfolio.