Bengaluru-based Shriram Properties Ltd (SPL) has entered into a joint development agreement (JDA) for a 5-acre land parcel on Bannerghatta Road, marking its latest expansion in the city’s premium housing segment. The company plans to develop a villament project—a hybrid housing concept that blends the luxury and privacy of villas with the convenience of apartment living—having an estimated gross development value (GDV) of over ₹350 crore, according to its regulatory filing.

Scheduled for launch in FY26, the project will further strengthen SPL’s footprint in Bengaluru’s mid-premium market.

“This project reflects our philosophy that great homes emerge from the harmony of design, comfort, and connection with nature,” said Akshay Murali, vice president, Business Development at Shriram Properties, according to a Hindustan Times report.

“Bannerghatta Road is one of Bengaluru’s most desirable residential locations, and we believe this development will set a new benchmark for premium living in South Bengaluru,” the company said.

To date, the company has delivered 48 projects with a saleable area of 28.3 million square feet, primarily in Bengaluru and Chennai, with recent projects also in Kolkata. SPL has a development pipeline comprising 39 projects with an aggregate development potential of 36 million square feet (msf), including 19 million square feet of ongoing projects, as of September 30, 2025.

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In July, Shriram Properties launched a new residential project in South Bengaluru’s Electronic City, with a revenue potential of over ₹350 crore. Branded “Codename: The One,” the project will comprise around 340 premium two- and three-bedroom apartments, spread across nearly 5 lakh sq. ft. of saleable area. Planned for completion within three years, the development will also feature what the company describes as South Bengaluru’s largest sky terrace.