Shriram Properties Bengaluru Secures Prime Land for Residential Development in Chandapura

Shriram Properties Bengaluru (SPL) has acquired a 4-acre land parcel in Chandapura, near Electronic City, a prominent residential hub in the city. The acquisition marks the company’s latest step in expanding its residential footprint.

New Residential Project with High Revenue Potential

The company is set to develop a residential project spread across 4 lakh sq ft of aggregate saleable area, comprising 350 premium apartments. This ambitious project is estimated to generate a revenue potential of over INR 250 crore.

Timeline and Launch Plans

Shriram Properties Bengaluru plans to launch the project during the current financial year (FY25). The development timeline is expected to span over three years, catering to Bengaluru’s growing demand for quality housing options.

Strong Project Pipeline Reinforces Growth

SPL’s latest acquisition is part of its robust project pipeline. As of March 31, 2024, the company has a portfolio of 47 projects with a combined saleable area of 51 million sq ft. This includes 25 ongoing projects accounting for 23.5 million sq ft of saleable area.

A Booming Location Advantage

Chandapura’s proximity to Electronic City, one of Bengaluru's major IT and industrial hubs, adds to the appeal of this development. The location is well-connected to key parts of the city, making it an ideal spot for residential investment.

Highlights

• Land Acquisition: Shriram Properties Bengaluru secures a 4-acre land parcel in Chandapura.
• Project Size: Spread across 4 lakh sq ft with approximately 350 premium apartments.
• Revenue Potential: Estimated at over INR 250 crore.
• Launch Timeline: Expected to launch in FY25 with a 3-year development cycle.
• Strong Pipeline: SPL has 47 projects totaling 51 million sq ft in saleable area.
• Location Advantage: Chandapura’s proximity to Electronic City enhances connectivity and investment potential.

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