Godrej Properties Strengthens Foothold with Landmark Acquisitions in Bengaluru and Pune
Godrej Properties expands its presence in Bengaluru and Pune with two major land acquisitions, marking a significant milestone in the company's growth strategy.
Godrej PropertiesBengaluruPuneReal EstateLand AcquisitionReal Estate PuneJul 01, 2024
Gaurav Pandey, MD & CEO of Godrej Properties, highlighted Bengaluru's evolving real estate landscape, citing increased demand due to available land parcels and infrastructural growth. 'North Bengaluru is an important market for us, and we are pleased to add this land to our portfolio. It enhances our presence and aligns with our strategy of focusing on key micro markets,' said Pandey.
In Pune, Godrej Properties is set to develop an 11-acre land parcel in Hinjewadi, a booming IT hub. This venture will feature both group housing and high street retail with an estimated developable area of 2.2 million square feet, aiming to generate Rs 1,800 crore in revenue. Pandey affirmed, 'Hinjewadi is crucial for us in Pune, and this acquisition further solidifies our market presence.'
Godrej Properties remains a dominant player in India's real estate sector, achieving the highest sales bookings in the 2023-24 fiscal year. The company's strategic expansion in Bengaluru and Pune is seen as a major boost to its growth prospects, and is expected to further bolster its position in the Indian real estate market.
Information
Godrej Properties is a leading real estate developer in India, known for its commitment to quality, sustainability, and customer satisfaction. The company has a strong presence in major cities across India, including Mumbai, Delhi, Bengaluru, and Pune.
Godrej Properties is a subsidiary of the Godrej Group, a renowned business conglomerate with a presence in multiple industries, including real estate, consumer goods, and agriculture.
Frequently Asked Questions
What is the estimated revenue from Godrej Properties' Bengaluru project?
Rs 1,200 crore
What is the location of Godrej Properties' Pune project?
Hinjewadi
What is the developable area of Godrej Properties' Pune project?
2.2 million square feet
What is Godrej Properties' strategy for expansion in India?
Focusing on key micro markets across India
What is Godrej Properties' position in the Indian real estate sector?
A dominant player with the highest sales bookings in the 2023-24 fiscal year
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