Godrej Properties acquires 7-acres land parcel in Bengaluru. Details here

In FY 2021, Godrej Properties emerged as the largest developer in India by the value and volume of residential sales achieved

Livemint
First Published28 Sep 2022, 10:07 AM IST
In recent years, Godrej Properties has received over 300 awards and recognitions.
In recent years, Godrej Properties has received over 300 awards and recognitions.

Mumbai: Godrej Properties Ltd. (GPL) today announced that it has acquired a land parcel that is strategically located in the immediate vicinity of Indiranagar and is close to the Old Airport Road and within the Outer Ring Road limits.

Spread across approximately 7-acres, the project is estimated to have a developable potential of approximately 0.6 million square feet of saleable area and will be developed as a premium residential project comprising apartments of various configurations.

In addition, the land is in close proximity to major office spaces in CBD-Bengaluru, commercial catchments of Old Airport Road, Outer Ring Road - Whitefield, and Sarjapur belt along with residential hubs such as Indiranagar, Marathahalli, and Domlur.

Mohit Malhotra, MD & CEO, Godrej Properties, said, “Availability of land parcels and infrastructure development has turned Bengaluru into a mature real estate market with increased demand for high-end residential development. Indiranagar is an important micro 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 FY 2021, Godrej Properties emerged as the largest developer in India by the value and volume of residential sales achieved. Godrej Properties has deeply focused on sustainable development. In recent years, Godrej Properties has received over 300 awards and recognitions.

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First Published:28 Sep 2022, 10:07 AM IST
HomeCompaniesNewsGodrej Properties acquires 7-acres land parcel in Bengaluru. Details here

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