New Delhi, November 4 (Udaipur Kiran): Shares of Shriram Properties gained over 1% on Monday after the company announced the signing of a Joint Development Agreement (JDA) for a 5-acre land parcel located on Bannerghatta Road, South Bengaluru.
The stock was trading at Rs. 94.97, up Rs. 1.01 or 1.07% from its previous close of Rs. 93.96 on the BSE. The scrip opened at Rs. 93.21 and touched an intraday high of Rs. 96.00 and a low of Rs. 93.21, with 24,119 shares traded so far. The company’s market capitalisation stands at Rs. 1,626.17 crore.
The BSE group ‘B’ stock, with a face value of Rs. 10, has registered a 52-week high of Rs. 119.90 (on December 11, 2024) and a 52-week low of Rs. 63.13 (on March 3, 2025). In the past week, it traded between Rs. 95.39 and Rs. 87.97. The promoters hold 27.89%, while institutional investors and non-institutional investors hold 4.51% and 67.59%, respectively.
Under the new JDA, the company plans to develop an exclusive villament community with an estimated Gross Development Value (GDV) of over Rs. 350 crore. Strategically located in one of Bengaluru’s most sought-after residential corridors, the project will feature elegant architecture, lush green landscapes, and modern amenities, designed to deliver a refined and sustainable living experience.
Each villament will be designed to ensure ample natural light, ventilation, and a strong connection to landscaped surroundings, reflecting Shriram Properties’ focus on contemporary and eco-conscious urban homes. The project is expected to be launched in FY26, further strengthening the company’s mid-premium housing portfolio in Bengaluru.
Shriram Properties is one of South India’s leading residential real estate developers, primarily focused on the mid-market and affordable housing segments.
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