Shriram Properties shares jump 6% on inking JDA for premium residential project with GDV of ₹600 crore in Bengaluru

At around 11:43 AM, the stock was trading 2.75% higher at ₹88.33 per equity share. The scrip has advanced more than 3% in the past week and 6% over the month. On a year-to-date basis, it has risen 5%.

While the share hit a 52-week high of ₹105.58 per unit on June 25, 2025, it touched a year’s low of ₹60.57 on March 30, 2026.

The mid-market and mid-premium focused residential real estate developer plans to develop an exclusive, “scenic lake-facing, thoughtfully designed” apartment complex with a development potential of approximately 6.7 lakh square feet, according to a regulatory filing.

The project, with an estimated gross development value (GDV) of over ₹600 crore, is expected to be launched during the current financial year (i.e., FY27).

The complex will strategically be located in the fast-developing North-East Bengaluru corridor, offering connectivity to key parts of Bengaluru through Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport connectivity corridor, enabling access to major IT hubs, commercial centres, educational institutions, healthcare facilities, retail destinations, and entertainment zones.

“The development is being envisioned with a strong emphasis on thoughtfully planned homes, natural ventilation, green spaces, and modern lifestyle conveniences,” it stated.

The project, as per the filing, will further strengthen the company’s development pipeline in Bengaluru and will align with its strategic growth focus on expanding through asset-light development models in high-potential micromarkets.

Commenting on the development, Akshay Murali, Vice President - Business Development, Shriram Properties, said: “North-East Bengaluru continues to emerge as one of the city’s most promising residential growth corridors, supported by robust infrastructure upgrades, improving connectivity, and sustained end-user demand.”

The micro-market, Murali stated, has presented a strong long-term potential owing to its strategic location and evolving social infrastructure.

“In this development, we aim to create a differentiated residential community that prioritizes space, comfort, and quality living while aligning with the aspirations of today’s homebuyers,” he added.

Shriram Properties has a total market capitalisation of ₹1,506.88 crore as of June 15, 2026, according to data on the NSE.