Shriram Properties gains on signing JDA for land in North Bengaluru
Shriram Properties is currently trading at Rs 90.78, up by 0.65 points or 0.72% from its previous closing of Rs 90.13 on the BSE.
The scrip opened at Rs 90.40 and has touched a high and low of Rs 91.50 and Rs 89.31 respectively. So far 147763 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 119.90 on 11-Dec-2024 and a 52-week low of Rs 63.13 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 93.16 and Rs 87.90 respectively. The current market cap of the company is Rs 1546.98 crore.
The promoters holding in the company stood at 27.89%, while Institutions and Non-Institutions held 4.51% and 67.59% respectively.
Shriram Properties (SPL) has signed a Joint Development Agreement (JDA) for around 7acres land, which forms part of a larger deal of around 15-acre prime land parcel in North Bengaluru. The company is set to develop a premium row houses project with an estimated GDV potential of around Rs 600 crore. Strategically positioned in one of North Bengaluru’s most coveted micro-markets, the upcoming project is designed to offer an exclusive row-house living experience that blends modern architecture with sustainable and nature-inspired design principles.
The upcoming development stands as a landmark of modern living seamlessly integrated with nature. Ideally positioned beside the soon-to-be-unveiled Madappanahalli Biodiversity Park--fondly called ‘Mini Lalbagh’ the project enjoys a unique green vantage within Yelahanka, one of North Bengaluru’s most vibrant growth corridors. Spread across 154 acres, Mini Lalbagh is being transformed from eucalyptus plantations into a lush biodiversity hub featuring themed gardens, an aviary, a nature park, and a medicinal plant zone. The new development will overlook this expansive green sanctuary, offering residents an unmatched blend of urban sophistication and ecological tranquility. The development is planned for launch in the next fiscal year and is expected to become a landmark addition to SPL’s growing Bengaluru portfolio.
This new project underscores SPL’s commitment to its asset-light growth strategy, focusing on partnerships and efficient capital deployment in high-potential locations. The project aligns with the company’s broader vision of delivering high-quality, community-centric, and environmentally harmonious living spaces that resonate with evolving urban lifestyles.
Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.
