Key Transaction Details
- Signed Joint Development Agreement for 9.1 acres of land parcel at Doddagubbi, North-East Bengaluru
- Development potential: Approximately 6.7 lakh square feet
- Estimated Gross Development Value (GDV) potential: Over ₹600 crores
- Project type: Premium residential apartment complex
Project Characteristics
- Lake-facing property with scenic setting
- Thoughtfully designed apartment complex emphasizing natural ventilation and green spaces
- Modern lifestyle conveniences and future-ready living environment
- Strategic location in fast-developing North-East Bengaluru corridor
Location Advantages
- Excellent connectivity through Thanisandra Main Road, Hennur Road, Outer Ring Road, and airport connectivity corridor
- Proximity to major IT hubs, commercial centres, educational institutions, healthcare facilities, retail destinations, and entertainment zones
Timeline and Strategy
- Project expected to be launched during the current financial year (FY2026)
- Aligns with company's strategic growth focus on asset-light development models
- Strengthens SPL's development pipeline in Bengaluru
- Focus on high-potential micromarkets and creating quality residential communities
Management Commentary
Mr. Akshay Murali, Vice President - Business Development, stated: "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."
Company Background Context
SPL is a mid-market and mid-premium focused residential real estate developer with key markets in Bengaluru, Chennai, Pune and West Bengal. The company has delivered 50+ projects with over 31.5 million square feet of development and has a strong development pipeline comprising 41 projects with aggregate development potential of 35.2 million square feet (including 16.6 million square feet of ongoing projects) as of March 31, 2026.