A Rs.600 Crore Row Housing Revolution Is Coming to North Bengaluru!
A Rs.600 Crore Row Housing Revolution Is Coming to North Bengaluru!
Shriram Properties Limited signed a JDA for a larger deal of over 7 acres of land with the revenue potential of Rs.600 crore in Yelahanka, North Bengaluru.

Table of Contents

  1. Introduction
  2. Why Yelahanka in North Bengaluru?
  3. Shriram Properties Limited Projects
  4. Conclusion
  5. Faq's

Introduction

North Bengaluru is a thriving region in terms of infrastructure, connectivity and real estate market, which is further enhanced because of the revenue potential of Rs.600 crore by developing a row housing project.

Shriram Properties Limited (SPL), the Bengaluru based real estate developer became a part of a larger deal for over 7 acres of land by partnering with a landowner. By signing a Joint Development Agreement (JDA), this upcoming project is set to develop in Yelahanka with its launch scheduled in the next financial year.

Why Yelahanka in North Bengaluru?

Yelahanka is known for being a peaceful residential locality because of its combination of robust infrastructure, seamless connectivity and multiple green spaces within its vicinity. This thriving locality of North Bengaluru enjoys its proximity to some of the major IT hubs, making it one of the desirable localities of the region.

According to Akshay Murali, the Vice President of business development at Shriram Properties, Yelahanka offers a fulfilling living experience because of the area's philosophy, combining elegant design, modern amenities, and green surroundings, making it an exceptional location for premium row houses.

Shriram Properties Limited Projects

  • SPL has its presence primarily in Bengaluru, Chennai and its recent development projects in Kolkata by delivering 48 projects in total with a saleable area of 28.3 million square feet.
  • In July, this company launched a new project named Codename: The One with premium apartment configurations of 2BHK and 3BHK units located in Electronic City. Expected to be developed in three years, this project has a total saleable area of 5 lakh square feet.
  • Positioned near Bommasandra Metro Station and Narayana Hrudayalaya, Codename: The One enjoys a strategic location because of its proximity to significant tech hubs.

Conclusion

Because of the rise in North Bengaluru's real estate market, Shriram Properties Limited's goal is to increase its sales to ₹5,000 crore, revenue to ₹3,000 crore and profits to ₹250 crore in the coming three years. With its recent development for a Rs 600 crore housing project in Yelahanka in North Bengaluru, SPL aims to offer a lifestyle filled with a blend of comfort and luxury. SPL continues to deliver upcoming development projects with its growing presence in five cities.

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