India's Shriram Properties rises on plans to develop premium housing in Bengaluru

Shriram Properties

23/04/2025 10:37

** Shriram Properties SRIP.NS up 5.8% to 84.81 rupees

** Real estate developer acquires a ~5 acre land parcel in IT hub of Bengaluru

** Plans to develop a premium residential complex with villas,  targeting launch during second half of FY26

** Project's gross development value at 2 billion rupees to 2.5 billion rupees ($23.40 million to $29.25 million)

** Stock on track for 7th session of gains

** With session's gains, SRIP trims 12-month decline to 31.2%

($1 = 85.4675 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))