Shriram Properties surges on signing JDA for 9.1 acres of land parcel in Bengaluru
Shriram Properties is currently trading at Rs. 88.65, up by 2.73 points or 3.18% from its previous closing of Rs. 85.92 on the BSE.
The scrip opened at Rs. 87.95 and has touched a high and low of Rs. 91.10 and Rs. 86.97 respectively. So far 36986 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 105.57 on 25-Jun-2025 and a 52 week low of Rs. 60.80 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 91.10 and Rs. 81.51 respectively. The current market cap of the company is Rs. 1512.85 crore.
The promoters holding in the company stood at 27.89%, while Institutions and Non-Institutions held 8.24% and 63.87% respectively.
Shriram Properties has signed a joint development agreement (JDA) for 9.1 acres of land parcel at Doddagubbi, North-East Bengaluru. The company plans to develop an exclusive, scenic lake-facing, thoughtfully designed apartment complex with a development potential of around 6.7 lakh sq. ft. and an estimated GDV potential of over Rs 600 crore. The project is expected to be launched during the current financial year.
Strategically located in the fast-developing North-East Bengaluru corridor, the location offers excellent connectivity to key parts of Bengaluru through Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport connectivity corridor, enabling seamless access to major IT hubs, commercial centres, educational institutions, healthcare facilities, retail destinations, and entertainment zones.
This transaction further strengthens its development pipeline in Bengaluru and aligns with its strategic growth focus on expanding through asset-light development models in high-potential micro markets. It continues to focus on creating quality residential communities that combine long-term value creation with superior customer experience.
