Godrej Properties Secures 14-Acre Land in Bengaluru for Rs 1,500-Cr Premium Housing Project
Godrej Properties has acquired a 14-acre land parcel in Hoskote, East Bengaluru, to develop a premium residential project. The project is expected to generate a revenue potential of Rs 1,500 crore, solidifying the company's expansion in the region.
Godrej PropertiesBengaluru Real EstatePremium Residential DevelopmentHoskoteReal Estate AcquisitionReal Estate NewsJun 16, 2025
Gaurav Pandey, MD and CEO of Godrej Properties, emphasized the importance of Hoskote as a micro-market for the company. He stated, “Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities.” This acquisition is a strategic move to capitalize on the growing demand for premium residential properties in the region.
The company did not disclose the land acquisition cost. However, the development is expected to be a significant addition to Godrej Properties' portfolio, which already includes several high-profile projects across the country. The project in Hoskote is designed to cater to the increasing demand for premium residential developments, offering residents a blend of modern amenities and a high standard of living.
Earlier this month, Godrej Properties also acquired 14 acres of land in Pune for around Rs 800 crore to develop another housing project. The Pune project, with a developable potential of 3.7 million square feet, is expected to generate a revenue of Rs 4,200 crore. This series of acquisitions underscores Godrej Properties' commitment to expanding its footprint in key markets across India.
Godrej Properties is one of the leading real estate developers in the country, known for its commitment to quality and innovation. The company's focus on premium residential projects in high-demand markets like Bengaluru and Pune reflects its strategic approach to meeting the evolving needs of homebuyers. With a strong pipeline of projects and a robust financial position, Godrej Properties is well-positioned to continue its growth trajectory in the coming years.
The acquisition in Hoskote is not just a business move but also a response to the growing urbanization and the increasing demand for quality housing in East Bengaluru. The region has seen significant development in recent years, with improved infrastructure and connectivity, making it an attractive location for residential projects. Godrej Properties' investment in this area is expected to boost the local economy and contribute to the overall development of the region.
Frequently Asked Questions
What is the size of the land acquired by Godrej Properties in Hoskote?
Godrej Properties has acquired a 14-acre land parcel in Hoskote, East Bengaluru.
What is the estimated revenue potential of the project in Hoskote?
The project is expected to generate a revenue potential of around Rs 1,500 crore.
Who is the CEO of Godrej Properties?
Gaurav Pandey is the MD and CEO of Godrej Properties.
What other significant acquisition did Godrej Properties make recently?
Godrej Properties also acquired 14 acres of land in Pune for around Rs 800 crore to develop another housing project.
What is the developable potential of the Pune project?
The Pune project has a developable potential of 3.7 million square feet.
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