Project Launch
Shriram Properties signs ₹500 crore JDA for 6.5-acre premium residential project in North Bengaluru's Yelahanka
Shriram Properties has signed a joint development agreement for 6.5 acres in North Bengaluru to launch a premium residential project with ₹500 crore potential Gross Development Value (GDV). The project is located adjacent to the upcoming large state park in Yelahanka, and is planned for launch during the next financial year.
| Announcement Date | September 5, 2025 |
|---|---|
| Developer | Shriram Properties Limited |
| Location | Yelahanka, North Bengaluru |
| Land Area | 6.5 acres (approximately) |
| Project Type | Premium residential apartments |
| Saleable Area | Approximately 0.6 million square feet |
| Gross Development Value | ₹500 crore (approximately) |
| Targeted Launch | Fiscal Year 2026–27 (next fiscal year from announcement) |
| Adjacent Amenity | 154-acre Madappanahalli Biodiversity Park ('Mini Lalbagh') |
| Development Model | Joint Development Agreement (JDA) |
Project Overview
The real estate developer caters to mid-market and mid-prime focused residential segment, and is set to develop a premium residential apartment project with a saleable area of approximately 0.6 million square feet. The JDA comprises 6.5 acres of land in Yelahanka, North Bengaluru, which is to be developed as a luxury residential project with an expected gross development value (GDV) of close to ₹500 crore.
Location and Infrastructure Context
Located just 20 minutes from Kempegowda International Airport, Yelahanka offers easy access to key business areas such as Hebbal and Manyata Tech Park. The National Highway (North-South Corridor) NH-44 passes through Yelahanka, providing easy connectivity. The area's infrastructure continues to grow rapidly — with new office complexes, coworking centers, malls, schools, and residential developments adding to its commercial appeal.
Madappanahalli Biodiversity Park: Defining Feature
The project will overlook the proposed Madapanahalli Biodiversity Park, spread across 154 acres of eucalyptus plantations, featuring a medicinal garden, aviary, zoo, and tree park. To be set up on 154 acres of forest land in the Madappanahalli reserve forest near Yelahanka, close to Kempegowda International Airport, the biopark, once completed, is expected to become a major public space and tourist attraction in the city's northern outskirts, announced by Karnataka government in early June 2025. Expected to be Bengaluru's third major park, after Lalbagh Botanical Garden and Cubbon Park.
Development Timeline
Launching is targeted for the upcoming fiscal year. The project follows Shriram Properties' broader expansion in North Bengaluru, which has emerged as a key growth corridor for the mid-premium housing developer.
Developer Background
Shriram Properties' key markets include Bengaluru, Chennai, Pune, and Kolkata. The company has delivered 48 projects spanning 28.3 million square feet, primarily in Bengaluru and Chennai, with a growing presence in Kolkata. As of June 30, 2025, SPL had a development pipeline of 39 projects with a total potential of 36 million square feet, including 19 million square feet under active development.
Market Position
According to data from Knight Frank, property prices in North Bangalore have risen by nearly 18% over the past three years due to strong buyer demand and infrastructure growth. The Yelahanka project aligns with Shriram Properties' strategy to focus on mid-market and mid-premium residential segments in high-growth micro-markets across South India.
Frequently asked questions
What is the status of this Shriram Yelahanka project as of September 2025?
The JDA was signed and announced on September 5, 2025. The project is in pre-launch phase with a targeted launch during fiscal year 2026–27. RERA filing and launch details are yet to be announced.
How is Yelahanka positioned compared to other Bengaluru residential micro-markets?
Yelahanka is in North Bengaluru's fastest-growing corridor, offering 20-minute airport proximity, connectivity to major tech parks (Manyata, Hebbal), and highway access via NH-44. Property appreciation has been strong, with Knight Frank data showing 18% price growth over three years.
What makes the Madappanahalli Biodiversity Park significant for this project?
The 154-acre park, announced in June 2025, is Bengaluru's first major green space in over 150 years. It will feature themed gardens, medicinal plants, an aviary, and a zoo. The Shriram project overlooks this park, offering residents direct access to a planned ecological recreation hub.
What is Shriram Properties' track record in residential development?
As of June 2025, Shriram had delivered 48 completed projects spanning 28.3 million square feet, primarily in Bengaluru and Chennai. The company maintains a development pipeline of 39 projects with 36 million square feet of potential, with 19 million square feet under active construction.
Is this project part of a larger Shriram initiative in North Bengaluru?
Yes. In October 2025, just one month after this JDA, Shriram signed another 7-acre JDA in Yelahanka with ₹600 crore GDV for premium row houses. Both projects reflect the developer's strategic focus on North Bengaluru's rapid urbanization.
When is the expected launch and possession timeline?
The project is targeted for launch in fiscal year 2026–27 (April 2026 onwards). Possession timelines and payment plans will be announced post-RERA filing and launch.
Sources
- Business Standard – Shriram Properties signs agreement for prime land in North Bengaluru
- HDFC Sky – Shriram Properties Rises on ₹500 Cr North Bengaluru Project
- Construction Week Online – Shriram Properties Signs JDA for Premium Residential Project in North Bengaluru
- Deccan Herald – Bengaluru to Get Third Mega Park After 150 Years Near Yelahanka