Shares of Shriram Properties surged nearly 6 percent on Monday after the company announced the signing of a joint development agreement (JDA) for a 7-acre land parcel in North Bengaluru. This forms part of a larger 15-acre project, aimed at developing a premium row house community in one of the city’s most sought-after locations.
During intraday trade, the stock touched a high of ₹93.25 per share, before settling 2 percent higher at ₹89.60 apiece on the NSE.
In its exchange filing, the company said the proposed development will have a gross development value (GDV) of around ₹600 crore. Designed to blend modern architecture with sustainable, nature-inspired concepts, the project promises an exclusive row-house living experience for homebuyers.
The project is strategically located next to the upcoming Madappanahalli Biodiversity Park, popularly referred to as “Mini Lalbagh.” The 154-acre park is being transformed from eucalyptus plantations into a biodiversity hub featuring themed gardens, an aviary, a nature park, and a medicinal plant zone. Shriram Properties said the new residential project will overlook this green expanse, offering residents a balance of urban luxury and ecological serenity. The launch is planned for the next fiscal year and is expected to be a landmark addition to the company’s growing Bengaluru portfolio.
Commenting on the development, Akshay Murali, Vice President – Business Development at Shriram Properties, said:
“We believe that great homes should offer both comfort and connection—with people, place, and nature. Our upcoming Yelahanka project reflects this philosophy, combining elegant design, modern amenities, and green surroundings. With Yelahanka’s strong infrastructure growth and proximity to the biodiversity park, we’re confident this project will redefine the premium residential landscape in North Bengaluru.”
Stock performance:
Over the past five days, Shriram Properties’ shares have slipped 0.5 percent, but are up 1.5 percent over the last month and 12 percent in the past six months. However, the stock remains down over 17 percent year-to-date in 2025. The company’s price-to-earnings (P/E) ratio currently stands at 27.20.
Disclaimer: This article is for informational purposes only and should not be treated as investment advice. Investors are advised to conduct their own research or consult a financial advisor before making any investment decisions.
