Shriram Properties to Develop 6.5 Acres in North Bengaluru


NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement for a 6.5-acre site in North Bengaluru. The company plans to launch a residential project that will encompass approximately 0.6 million sq ft, with an anticipated gross development value (GDV) of ₹500 crore.

SPL reported a sales volume of 0.8 million sq ft in Q1 FY26, reflecting a 17% year-on-year increase, equating to ₹441 crore. Additionally, collections reached ₹388 crore, showing a 5% rise compared to the previous year.

On the financial side, total revenue stood at ₹262 crore, maintaining a healthy gross margin of 34% and generating an EBITDA of ₹46.5 crore. The net profit for Q1 FY26 was reported at ₹20.6 crore.

  • Published On Sep 5, 2025 at 12:30 PM IST

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