06 Sep 2025

Shriram Properties Stock Rises; Signs JDA for Premium Residential Project in North Bengaluru

Shriram Properties is currently trading at RS. 90.42, up by 0.41 points or 0.46% from its previous closing of RS. 90.01 on the BSE.

The stock opened at RS. 89.78 and recorded a high of RS. 92.00 and a low of RS. 88.64. A total of 73,949 shares have been traded so far.

Classified under BSE group 'B', the stock with a face value of RS. 10 has touched a 52-week high of RS. 147.50 on September 5, 2024, and a 52-week low of RS. 63.13 on March 3, 2025. In the last one week, the stock traded between RS. 93.19 and RS. 84.89. The company's current market capitalization stands at RS. 1543.74 crore.

Promoter shareholding in the company is at 27.94%, with institutions holding 3.73% and non-institutions 68.34%.

Shriram Properties (SPL) has entered into a Joint Development Agreement (JDA) for a 6.5-acre prime land parcel in North Bengaluru. The company will develop a premium residential apartment project with a saleable area of nearly 0.6 million square feet and an estimated gross development value (GDV) of about RS. 500 crore. Positioned as an iconic addition to the city’s skyline, the project will launch in the next fiscal year.

Strategically located in Yelahanka, one of North Bengaluru’s promising residential hubs, the development will overlook the upcoming 154-acre Madapanahalli Biodiversity Park, featuring a medicinal garden, aviary, zoo, and tree park.

This project highlights SPL’s commitment to delivering high-quality residential spaces that harmonize with nature, while reinforcing its asset-light growth strategy and expanding its project pipeline.

Shriram Properties is a leading South India-based residential real estate developer, primarily catering to the mid-market and affordable housing segments.