Project Announcement
Shriram Properties Announces ₹350 Crore Villament Project on Bannerghatta Road
Shriram Properties has signed a Joint Development Agreement for approximately 5 acres on Bannerghatta Road in South Bengaluru, planning to develop an exclusive villament community with an estimated gross development value of over ₹350 crore. The project is slated for launch in FY26 (fiscal year ending March 2026), positioning the developer to tap growing demand in one of Bengaluru's most active residential corridors.
| Land Parcel | Approximately 5 acres on Bannerghatta Road, South Bengaluru |
|---|---|
| Estimated GDV | Over ₹350 crore |
| Product Type | Exclusive villament community |
| Configurations | Expected to deliver 80–120 premium villament or row-villa units in 3, 4, and 4.5 BHK configurations |
| Unit Sizes | Carpet areas likely to range from 1,900 to 2,400 sq ft |
| Indicative Pricing | ₹1.25–1.5 crore per unit based on GDV analysis |
| Possession Timeline | Expected by December 2029 |
| Launch Status | Planned for launch in FY26; RERA filing pending as of September 2026 |
| Announcement Date | Early November 2025 |
| Developer | Shriram Properties Limited, one of India's leading mid-market and mid-premium residential developers |
Project Overview
Shriram Properties Limited has signed a Joint Development Agreement for a five-acre land parcel on Bannerghatta Road, South Bengaluru. The project will comprise an exclusive community of premium villaments with an estimated Gross Development Value of over ₹3.5 billion. The project will feature an exclusive community of premium villament units designed with sustainable architecture, natural light, and landscaped open spaces.
Product Configuration and Pricing
Based on Shriram Properties' existing portfolio and the Bannerghatta Road micro-market, this 5-acre project will most likely deliver 80–120 premium villament or row-villa units in 3, 4, and 4.5 BHK configurations. Per-unit carpet areas will range from 1,900 to 2,400 sq ft. The ₹350 crore GDV implies average pricing of ₹1.25–1.5 crore per unit — positioning the project in the mid-to-premium segment, directly competing with existing Bannerghatta villas at ₹1.5–2 crore but below ultra-luxury projects at ₹3.5+ crore.
Master plan amenities will likely include clubhouses, landscaped gardens, parking, and gated security typical of Shriram's villa communities.
Launch Timeline and RERA Status
The project is slated for launch in FY26, with launch expected late Q4 2025 or Q1 2026 after RERA filing. As of September 2026, Shriram Villaments Bannerghatta Road is a low density villament community at the earliest possible stage a project can be covered: a joint development agreement signed in November 2025, no RERA filing yet, and expression of interest activity ahead of a planned FY26 launch. Possession is expected by December 2029.
Location and Infrastructure Context
The Bannerghatta Road micro-market offers excellent connectivity, robust social infrastructure, and a rare balance of urban convenience with natural serenity. The 7.5-km elevated section of Bengaluru's Pink Line metro, stretching from Tavarekere to Kalena Agrahara along Bannerghatta Road, is slated for commissioning by May 2026. This development is expected to significantly improve connectivity for residents in these areas, potentially easing traffic congestion on Bannerghatta Road.
Kalena Agrahara Metro Station (nearest point on Pink Line) is 11–12 km from the Shriram site. This corridor will see rental yield spikes (currently 4.8%) and price appreciation post-May 2026.
Villament Format
A villament sits between an independent villa and an apartment: private entries and villa scale floor plates inside a shared, gated, lower maintenance structure. Villament vs. villa vs. apartment: unit type affects possession timelines, maintenance costs, and appreciation patterns. Villaments typically offer lower entry price but lower capital appreciation than standalone villas.
Developer Profile
Shriram Properties Limited is one of India's leading mid-market and mid-premium residential developers. This development expands Shriram Properties' presence in South Bengaluru's mid-premium villa segment, a corridor seeing unprecedented activity ahead of the Namma Metro Pink Line opening in May 2026.
Frequently asked questions
What is a villament, and how does it differ from a villa or apartment?
A villament sits between an independent villa and an apartment: private entries and villa scale floor plates inside a shared, gated, lower maintenance structure.
When is the project expected to launch and what is the RERA status?
The project is slated for launch in FY26, with launch expected late Q4 2025 or Q1 2026 after RERA filing. As of September 2026, no RERA filing has been completed yet.
What is the indicative pricing and unit configuration?
Based on the micro-market, this project will most likely deliver 80–120 premium villament or row-villa units in 3, 4, and 4.5 BHK configurations. The ₹350 crore GDV implies average pricing of ₹1.25–1.5 crore per unit.
How will the Pink Line metro impact the project location?
The 7.5-km elevated section of Bengaluru's Pink Line metro, stretching from Tavarekere to Kalena Agrahara along Bannerghatta Road, is slated for commissioning by May 2026. This development is expected to significantly improve connectivity for residents in these areas.
What is the expected possession date?
Possession is expected by December 2029.