Bengaluru-based Shriram Properties (SPL) has entered into a joint development agreement (JDA) for a five-acre land parcel in South Bengaluru, planning to develop an exclusive villa community.

The project, with an estimated gross development value (GDV) of Rs 350 crore is located on Bannerghatta Road, is set for launch in FY26, further strengthening SPL's mid-premium housing portfolio, according to Akshay Murali, Vice President – Business Development. This follows two recent JDAs signed by SPL: one in October for a Rs 600 crore premium row housing project in Yelahanka, North Bengaluru, and another in September for a Rs 500 crore premium residential development in North Bengaluru. Both are scheduled for launch in FY27.

SPL, with operations in Bengaluru, Chennai, Pune, and Kolkata, has a development pipeline of 39 projects, including ongoing and planned developments, covering 36 million sq. ft.