JDA Deal for North Bengaluru Project Lifts Shriram Properties Shares Up to 6%

Shriram Properties Shares Jump After Signing JDA for ₹600 Crore Premium Housing Project in North Bengaluru

Shares of Shriram Properties Ltd surged up to 6 percent on October 27 after the real estate developer announced the signing of a Joint Development Agreement (JDA) for a new premium housing project in North Bengaluru. The project, spanning 7 acres of land, forms part of a larger 15-acre land parcel and marks another major expansion milestone for the Bengaluru-based developer.

The stock touched an intraday high of ₹93.25 per share before paring some gains to close 2 percent higher at ₹89.60 on the NSE, extending optimism around the company’s growing project pipeline in India’s most dynamic housing market.

New JDA Marks Major Expansion in Bengaluru’s Real Estate Hotspot

According to the company’s exchange filing, Shriram Properties will develop a premium row-house project on this land with an estimated gross development value (GDV) of around ₹600 crore. The project will be strategically located in one of North Bengaluru’s most sought-after micro-markets, catering to the rising demand for sustainable, modern, and community-centric living spaces.

“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 company said in its official statement.

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Proximity to ‘Mini Lalbagh’ Biodiversity Park Adds Unique Appeal

A key highlight of this upcoming development is its location adjacent to the Madappanahalli Biodiversity Park, popularly referred to as ‘Mini Lalbagh’. This 154-acre biodiversity park is currently being transformed from eucalyptus plantations into a vibrant ecological zone featuring themed gardens, an aviary, a nature park, and a medicinal plant zone.

The Shriram Properties project will overlook this expansive green landscape, giving residents a rare blend of urban luxury and ecological tranquility. The project launch is scheduled for FY27, and it is expected to become one of the landmark residential developments in North Bengaluru.

Management Speaks: Creating Homes That Connect People and Nature

Commenting on the new project, Akshay Murali, Vice President – Business Development at Shriram Properties, emphasized the company’s commitment to crafting spaces that balance comfort, community, and sustainability.

“We believe great homes should offer both comfort and connection — with people, place, and nature. Our upcoming Yelahanka project embodies this philosophy, combining elegant design, modern amenities, and green surroundings to create a truly enriching living experience,” Murali said.

He added that Yelahanka’s strong infrastructure growth and its proximity to the biodiversity park make it an ideal location for premium housing. “We are confident this development will redefine the residential landscape in North Bengaluru,” he added.

Bengaluru Real Estate Market Continues to Thrive

Bengaluru’s real estate market, especially in North and East Bengaluru, has seen sustained demand driven by infrastructure upgrades, expanding tech hubs, and rising aspirational homeownership. Projects emphasizing eco-friendly design, smart architecture, and community living are increasingly preferred by millennial homebuyers.

Industry experts believe that developers like Shriram Properties, which focus on sustainable and mid-to-premium housing, are well-positioned to capitalize on this growing demand.

Stock Performance: Gains After Period of Consolidation

While Shriram Properties’ stock has shown mixed performance in 2025, the recent announcement has provided a much-needed boost to investor sentiment. The stock has:

• Fallen 0.5% in the past five trading sessions

• Gained 1.5% over the past one month

• Advanced 12% over the last six months

• But remains down 17% year-to-date

At the current levels, the company’s price-to-earnings (P/E) ratio stands at 27.20, reflecting moderate valuation relative to its peers in the mid-sized real estate segment.

Analysts See Growth Momentum Ahead

Market watchers expect this new development and upcoming project launches to strengthen Shriram Properties’ revenue visibility for FY27 and beyond. The company’s increasing focus on joint development projects (JDAs) allows it to scale rapidly without heavy land acquisition costs, preserving balance sheet strength while expanding its footprint.

Brokerages have highlighted Shriram’s diversified portfolio across Bengaluru, Chennai, and Kolkata, along with improving operational efficiency, as key positives for long-term investors.

Outlook: Strengthening Presence in North Bengaluru

With the signing of this new JDA, Shriram Properties continues to reinforce its leadership position in Bengaluru’s real estate market. The company is expected to leverage its strong execution track record and brand trust to deliver another high-value project that aligns with modern lifestyle trends and sustainability goals.

As the North Bengaluru region evolves into a key residential and commercial corridor, this ₹600 crore development could emerge as a flagship project for the company — offering both premium living spaces and significant value creation for shareholders.

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