Shriram Properties Buys 4 Acres in Bengaluru


Representative image
Representative image

NEW DELHI: Shriram Properties (SPL) has successfully acquired a four-acre land parcel on Sarjapur Main Road in South-East Bengaluru through an outright purchase.

The company intends to develop a high-rise residential project on this site, which is projected to encompass approximately five lakh square feet of saleable area with an estimated gross development value (GDV) of ₹550-600 crores. The launch of the project is anticipated in the latter part of 2026.

Additionally, SPL has recently completed the acquisition of 100% equity shares in Shrivision Upscale Spaces on February 9, 2026, through a cash transaction at ₹10 per share (at par).

  • Published On Feb 16, 2026 at 03:00 PM IST

Join a community of over 2M industry professionals.

Subscribe to our newsletter for the latest insights and analyses delivered to your inbox.

Access all things ETRealty right on your smartphone!

Download ETRealty App

Related Posts

Max Estates Reports Notable Profit Decline in Q3 FY26

NEW DELHI: Max Estates has announced a net consolidated profit after tax of ₹2.53 lakh for the quarter ending December 31, 2025, according to a BSE filing. In the same quarter last year, the profit after tax was ₹15.81 crore. The company’s net consolidated total income for Q3 FY26 was ₹71.44 crore, marking a decrease of 0.63% from ₹71.89 crore recorded in the same period the previous year. The board of directors has approved the appointment of Arihant Kothari as Chief Investment Officer – Capital Strategy, effective February 6, 2026. They also approved the issuance of 14,442 equity shares with…

DRA Homes and Yubi Launch ₹250 Crore Secured Debt Platform

NEW DELHI: DRA Homes has launched a strategic ₹250 crore secured debt platform in partnership with Yubi Group to enhance its land acquisition portfolio. This platform will consist of secured non-convertible debentures (NCDs), with funds earmarked solely for land acquisition. Ranjeeth Rathod, managing director of DRA Homes, stated, “This collaboration helps us to institutionalize our land sourcing strategy using secured, non-dilutive capital while ensuring balance-sheet discipline.” Aspero, an online bond platform provider, will facilitate DRA’s access to capital markets, enabling them to attract funds from a diverse investor base. Yubi will support the structuring, issuance, and distribution of the NCDs…

Ghaziabad Council Ends Protest, Avoids Property Tax Notice

GHAZIABAD: After receiving assurances from the municipal commissioner, councillors have ended their sit-in protest concerning property tax issues. According to a GMC official, the problematic auto-generated property tax bills, which have been issued at inflated rates, will be halted. Furthermore, a 20% rebate on property tax will be available to consumers until September 30. The current conflict arose from the GMC officials’ previous refusal to share the minutes of the June 30 board meeting, which were a point of contention. Councillor Neeraj Goyal mentioned, “In light of the ongoing Kanwar Yatra, we decided to call off the protest. The municipal…