New Delhi, February 16 Shriram Properties Ltd has acquired a 4-acre plot in Bengaluru to develop a housing project, with an expected revenue of approximately Rs 600 crore.
In a regulatory filing on Monday, the company announced that it has acquired a plot of about 4 acres on Sarjapur Main Road, South-East Bengaluru, through a direct purchase transaction.
The company will develop a high-end, multi-story residential project on the plot.
"The proposed development will comprise approximately 5 lakh sq ft of saleable area, with an estimated Gross Development Value (GDV) of Rs 550-600 crore," it said.
GDV refers to the sales value of the 5 lakh sq ft saleable area.
The project is expected to be launched in the latter half of 2026.
Shriram Properties Ltd is one of the leading real estate developers in the country. It has a presence in Bengaluru, Chennai, Pune, and West Bengal.
The company has completed 50 projects with a saleable area of 30.8 million square feet, and it has a strong development pipeline comprising 42 projects with a potential aggregate area of 36 million sq ft.
