Shriram Properties Ltd (SPL) shares rose by 5% after the company announced the acquisition of approximately five acres of prime land in Yelahanka, North Bengaluru. The move marks a significant step in SPL’s ongoing growth strategy, targeting premium residential developments in high-demand urban markets.
The newly acquired parcel will host a luxury residential project featuring row houses and villas. With an estimated Gross Development Value (GDV) of ₹200–250 crore, the project is expected to be launched in the second half of FY2025–26 (H2-FY26) and will be developed over a span of three years.
Yelahanka is a thriving residential micro-market known for its excellent connectivity, infrastructure upgrades, and proximity to renowned educational institutions, including several international schools and colleges. The area is fast emerging as a preferred destination for homebuyers seeking a blend of urban convenience and suburban tranquility.
Shriram Properties opened at ₹81.15, reaching a high of ₹86.19 and a low of ₹79.00 today. The stock shows moderate movement compared to its 52-week high of ₹147.60 and low of ₹63.13.
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