Shravanthi Group

Shravanthi Group is a Bangalore-based real estate developer founded in 1991, led by Chairman & Managing Director L. Balakrishnama Naidu and Executive Director Santosh Balakrishna. The group has delivered 50+ projects (over ~2 million sq.ft.) across residential, commercial and hospitality segments — notable projects include Shravanthi Castle, Shravanthi Prima, Shravanthi Paramount and Shravanthi Sarovar Portico. They are expanding aggressively into hospitality (Devarana Sakleshpur, Novotel & Ibis Tirupati) but have mixed customer feedback on delivery and some reported financial/regulatory concerns.

Founded in 1991, Shravanthi Group has roughly three decades+ of experience (≈34 years) in real estate development, completing over 50 projects in and around South Bangalore and branching into hospitality and plotted developments in recent years.

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Developer Projects

The group builds a mix of residential apartments (2–4 BHK), plotted villa developments and commercial assets (office spaces, hotels). Projects range from mid-market to mid-upscale, primarily concentrated in Bangalore (BTM, JP Nagar, Bannerghatta, Kanakapura, Devanahalli) with planned hospitality projects outside the city (Sakleshpur, Tirupati).

Shravanthi CastleResidential Community | Apartment

DollarsBTMBangalore

Shravanthi ShashwathiResidential Community | Apartment

JPBangalore

Shravanthi NorthOneResidential Community | Villa

IVCDevanahalliNorth

Shravanthi PragathiResidential Community | Apartment

SarjapuraBangalore

Shravanthi AlpyneResidential Community | Apartment

KanakapuraNearYelachanahalliBangalore

Shravanthi ParamountResidential Community | Apartment

HulimavuNyanappanahalliBangalore

Shravanthi PremierResidential Community | Apartment

UttarahalliBangalore

Shravanthi PrimaResidential Community | Apartment

BTSArekereBannerghattaBangalore

Shravanthi PalladiumCommercial

BanashankariBangalore

Shravanthi HarmonyResidential Community | Apartment

BTMBangalore

FAQ

Who are the owners ?

Sri. L. Balakrishnama Naidu — Chairman & Managing Director (also described as Chief Architect & Engineer)
Sri. Santosh Balakrishna — Executive Director (also referenced as CEO of Shravanthi Shelters / involved in strategy and operations)

Note: other sources reference a separate/related Sravanthi entity with leadership listed as:

Mr. D. V. Rao — Chairman & Managing Director
Mr. D. Kamlesh Shah — Vice Chairman
Mr. Shwet Ketu — Chief Executive Officer

(There may be multiple similarly named entities/affiliated groups; the first two names above are the primary leaders cited for the Shravanthi Group projects detailed.)

When was the company founded ?

Founded in 1991 — approximately 34 years of operations in real estate development (1991–2025).

Is this a public company ?

No — Shravanthi Group operates as a private real estate developer and is not listed on public stock exchanges. Financial details are limited publicly; the company has RERA registrations and bank relationships for projects, but there are media reports of an ED probe and debt-related issues which are material disclosures to consider when assessing financial risk.

Which are the builder's popular projects ?

Shravanthi Castle (Dollars Colony, BTM Layout II Stage, Bangalore): Residential apartments — 3 BHK (1,755–2,200 sqft) and 4 BHK (2,500 sqft). Completed June 2014.
Shravanthi Shashwathi (JP Nagar, Bangalore): Residential apartments — 2 & 3 BHK options, 44 lifestyle amenities, ready-to-move-in; praised for connectivity but mixed reviews on construction quality.
Shravanthi Prima (BTS Layout, Arekere, Bannerghatta Road): 2 & 3 BHK apartments, RERA registered (PRM/KA/RERA/1251/310/PR/200618/003451), possession March 2024.
Shravanthi Paramount (Hulimavu, Nyanappanahalli): 2 & 3 BHK apartments with clubhouse, pool and other amenities; completed — has customer complaints about undelivered amenities in some cases.
Shravanthi NorthOne (IVC Road, Devanahalli): Plotted villa development (plots up to 4,000 sqft) with landscaped plantation — ongoing project.
Shravanthi Sarovar Portico (JP Nagar): Commercial / hospitality — an 80-room hotel with multi-cuisine restaurant, banquet halls and operational services.
Devarana Sakleshpur (Sakleshpur): Large wellness/resort project (75 villas & suites; 25 with private plunge pools) in partnership with Dusit Hotels — planned opening March 2028.
Novotel Tirupati & Ibis Styles Tirupati (Tirupati): Dual-brand hotel projects (each ~180 rooms) in partnership with Accor — planned opening Q1 2027.

(These projects span residential, plotted and hospitality categories and illustrate the group's scale and geographic spread.)

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REGISTERED RERA ENTITYPRM/KA/RERA/1251/446/AG/240715/004976