NEW DELHI: Shriram Properties (SPL) has signed a joint development agreement (JDA) for development of a four acre land parcel in Yelahanka, Bengaluru.
The proposed project will comprise of 270 apartments with an aggregate saleable area of ~3.8 lakh sq ft. It has aggregate revenue potential of over Rs 250 crores and is expected to be developed over the next three years.
The company is targeting to launch of this project during first half of current financial year (H1-FY25).
It recently acquired a four acre land parcel in Chandapura where it will develop a residential project encompassing around four lakh sq ft of aggregate saleable area, comprising approximately 350 apartments.
This project has revenue potential of over Rs 250 crore and is expected to be developed over the next three years. It is expected to launch during the current financial year (FY25).
