Shriram Signs ₹350-Crore Joint Development for Premium Villas on Bannerghatta Road, Bangalore

Project Overview

Shriram Properties has entered a joint development agreement for a 5-acre land parcel on Bannerghatta Road in South Bengaluru, with an estimated gross development value (GDV) of over ₹350 crore. The announcement came in early November 2025, with the company confirming a planned launch in FY26 (fiscal year ending March 2026). The project will feature an exclusive community of premium villament units designed with sustainable architecture, natural light, and landscaped open spaces.

Product Type & Configurations

The project offers a mix of 3, 4, and 5 BHK villament units. Villaments combine low-density villa-style living with shared gated-community amenities, parking, and security typical of apartment complexes. Shriram's ₹350-crore GDV on 5 acres suggests per-unit realization around ₹1.2–1.5 crore — positioning the project in the mid-to-premium segment.

Possession & Launch Timeline

Possession is expected by December 2029. Launch is expected late Q4 2025 or Q1 2026 after RERA filing. Possession is targeted for December 2029, a 3.5-year build cycle consistent with Shriram's execution pace. The project is pre-RERA. Prices are "on request" and the RERA registration number hasn't been announced.

Location & Infrastructure Context

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. The underground stretch from Dairy Circle to Nagawara is expected to be completed by December 2026, while the 7-kilometer elevated section between Kalena Agrahara and Taverekere is likely to finish by May 2026. The proximity to Kalena Agrahara Metro Station and the May 2026 Pink Line opening will be a major marketing lever for pre-launch bookings, potentially enabling faster sales velocity than similar projects without metro proximity.

The corridor is transforming rapidly — 89% price appreciation over five years, six new metro stations arriving in May 2026, and multiple launches from Grade-A developers competing for buyers. Bannerghatta Road is one of Bangalore's fastest-growing south corridors, driven by its strategic location, excellent connectivity to IT hubs like Electronic City, and proximity to residential neighborhoods like JP Nagar and Kanakapura Road.

Competitive Landscape

For buyers deciding between villas and apartments, the Bannerghatta corridor now offers both: apartments starting at ₹83 lakh (Prestige Southern Star), mid-market villas at ₹1.5–2 crore (Prestige options), and luxury villas like Godrej Bannerghatta Road or Lodha Azur starting at ₹2.1–3.95 crore. Shriram's villa focus — not apartments — is smart: apartments face supply glut; villas remain tighter.

Project Status & Booking

As of September 2026, the project remains in pre-launch stage. Booking is NOT yet open. Interested buyers should expect RERA filing and official pricing disclosure before formal bookings commence. No unit count or final configuration has been confirmed by the developer.