Godrej Properties Expands Its Footprint in Bengaluru with Rs 1,200 Crore Housing Project
Godrej Properties, a leading real estate developer, has acquired a 7-acre land in Bengaluru to develop a luxury housing project with an estimated revenue of Rs 1,200 crore.
Godrej PropertiesReal EstateBengaluruPuneHousing ProjectReal Estate PuneJul 01, 2024
Gaurav Pandey, MD & CEO, Godrej Properties, stated that the availability of land parcels and infrastructure development has turned Bengaluru into a mature real estate market with increased demand for residential development. He added, 'North Bengaluru is an important market for us, and we are happy to add this land parcel to our portfolio. This will further strengthen our presence in Bengaluru and complement our strategy of deepening our presence in key micro markets across India's leading cities.'
In a separate announcement, Godrej Properties also revealed plans to develop an 11-acre land parcel in Hinjewadi, Pune. The project will comprise primarily group housing and high street retail, with a developable potential of around 2.2 million square feet and an estimated revenue of around Rs 1,800 crore.
Godrej Properties has established itself as a prominent player in the Indian real estate market, becoming the largest listed real estate developer in terms of sales bookings during the 2023-24 fiscal.
Frequently Asked Questions
What is the estimated revenue of the housing project in Bengaluru?
The estimated revenue of the housing project in Bengaluru is around Rs 1,200 crore.
What is the location of the land parcel acquired by Godrej Properties in Bengaluru?
The land parcel acquired by Godrej Properties is located in Thanisandra, North Bengaluru.
What is the developable potential of the project in Hinjewadi, Pune?
The project in Hinjewadi, Pune has a developable potential of around 2.2 million square feet.
What is the estimated revenue of the project in Hinjewadi, Pune?
The estimated revenue of the project in Hinjewadi, Pune is around Rs 1,800 crore.
What is Godrej Properties' position in the Indian real estate market?
Godrej Properties is one of the leading real estate developers in India, and became the largest listed real estate developer in terms of sales bookings during the 2023-24 fiscal.
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