Godrej Properties Expands Bengaluru Footprint with 7-Acre Land Acquisition
Godrej Properties acquires 7-acre land in North Bengaluru, strengthening its presence in the city's rapidly growing real estate market.
Real EstateResidential DevelopmentGodrej PropertiesBengaluruThanisandraReal Estate NewsJul 02, 2024
The land is strategically located along Thanisandra Main Road, providing easy access to key areas such as Kempegowda International Airport, NH44, and Outer Ring Road. Thanisandra is a rapidly growing hub for commercial and residential real estate in North Bengaluru, boasting a robust social and civic infrastructure. The area is well-connected to the airport and key social-commercial zones in the city, making it an attractive destination for homebuyers.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, commented, “Bengaluru has evolved into a mature real estate market, driven by the availability of land parcels and infrastructure development. North Bengaluru is a critical market for us, and this acquisition will further strengthen our presence in the city. Our strategy is to deepen our presence in key micro markets across India's leading cities.”
Information
Godrej Properties Limited is a leading real estate developer in India, known for its high-quality residential and commercial projects. The company has a strong presence in major cities across the country, including Mumbai, Bengaluru, and Delhi.
Godrej Properties Limited is a subsidiary of the Godrej Group, a renowned Indian business conglomerate with a rich legacy of over 125 years. The company has a strong reputation for delivering innovative and sustainable real estate projects that cater to the evolving needs of Indian consumers.
Frequently Asked Questions
Where is the 7-acre land acquired by Godrej Properties located?
The land is located in Thanisandra, North Bengaluru.
What is the estimated revenue potential of the project?
The project is expected to generate revenue of approximately INR 1,200 crore.
What is the developable potential of the project?
The project has an estimated developable potential of 9 lakh square feet.
Why is North Bengaluru an attractive destination for homebuyers?
North Bengaluru is well-connected to key areas such as Kempegowda International Airport, NH44, and Outer Ring Road, making it an attractive destination for homebuyers.
What is Godrej Properties' strategy in the Bengaluru market?
Godrej Properties aims to deepen its presence in key micro markets across Bengaluru and other leading cities in India.
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