Shriram Properties Ltd Share Price – NSE /  BSE

Realty, Small Cap

Shriram Properties has signed a Joint Development Agreement (JDA) for 9.1 acres of land parcel at Doddagubbi, North-East Bengaluru.

The company plans to develop an exclusive, scenic lake-facing, thoughtfully designed apartment complex with a development potential of approx. 6.7 lakh sqft. and an estimated GDV potential of over Rs 600 crore. The project is expected to be launched during the current financial year.

Strategically located in the fast-developing North-East Bengaluru corridor, the location offers excellent connectivity to key parts of Bengaluru through Thanisandra Main Road, Hennur Road, Outer Ring Road, and the airport connectivity corridor, enabling seamless access to major IT hubs, commercial centres, educational institutions, healthcare facilities, retail destinations, and entertainment zones.

The company plans to develop a premium lake-facing residential project with a development potential of approximately 6.7 lakh sq. ft. and an estimated gross development value (GDV) of over Rs 600 crore. The project is expected to be launched during the current financial year.

The project is strategically located in the fast-developing North-East Bengaluru corridor and offers connectivity through Thanisandra Main Road, Hennur Road, Outer Ring Road and the airport connectivity corridor.

Shriram Properties said the development will focus on thoughtfully designed homes, green spaces, natural ventilation and modern lifestyle amenities. The project enjoys a lake-facing setting and is expected to strengthen the company's development pipeline in Bengaluru. The company said the transaction aligns with its asset-light growth strategy and expansion plans in high-potential micro-markets.

Akshay Murali, vice president - business development, Shriram Properties, said, ?North-East Bengaluru continues to emerge as one of the city?s most promising residential growth corridors, supported by robust infrastructure upgrades, improving connectivity, and sustained end-user demand. The micro-market presents strong long-term potential owing to its strategic location and evolving social infrastructure. In this development, we aim to create a differentiated residential community that prioritizes space, comfort, and quality living while aligning with the aspirations of today?s homebuyers.?

Shriram Properties (SPL) is one of India's leading residential real estate developers, focused on the mid-market and mid-premium segments. SPL?s key markets include Bangalore, Chennai and Kolkata. The company's consolidated net profit jumped 64.4% to Rs 78.53 crore in Q4 FY26 compared with Rs 47.78 crore in Q4 FY25. Net sales increased 57.2% YoY to Rs 640.88 crore in Q4 FY26.

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Net profit of Shriram Properties rose 64.36% to Rs 78.53 crore in the quarter ended March 2026 as against Rs 47.78 crore during the previous quarter ended March 2025. Sales rose 57.18% to Rs 640.88 crore in the quarter ended March 2026 as against Rs 407.73 crore during the previous quarter ended March 2025.

For the full year,net profit rose 30.58% to Rs 100.81 crore in the year ended March 2026 as against Rs 77.20 crore during the previous year ended March 2025. Sales rose 53.92% to Rs 1267.41 crore in the year ended March 2026 as against Rs 823.44 crore during the previous year ended March 2025.

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Shriram Properties will hold a meeting of the Board of Directors of the Company on 25 May 2026.