One of India’s Largest Real Estate Developers Announces Acquisition of ~20-Acre Land Parcel in East Bengaluru
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Godrej Properties is set to transform East Bengaluru’s Whitefield corridor with a premium residential project on a 20-acre land parcel, promising modern design, top-notch amenities, and seamless connectivity
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Godrej Properties, which is a Real Estate arm of the business conglomerate Godrej group, said it has announced the acquisition of a ~20-acre land parcel in East Bengaluru. This is to develop a premium residential project, which is estimated to generate around Rs 1,350 crore of revenue.
The land parcel, spread across ~20 acres, is located near NH-648 Main Road within the Whitefield growth corridor, a well-established residential and commercial hub. The area has evolved into a prominent centre for technology firms and service-led employment.
The site benefits from its proximity to the Whitefield–ITPL region and direct access to the NH-648 corridor, ensuring convenient connectivity across East and South Bengaluru. Accessibility is further enhanced by operational metro stations at Kadugodi and Hopefarm on the Purple Line, connecting the location to key parts of the city.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, commented on the acquisition, saying:
“Homebuyers in Bengaluru continue to prioritise thoughtfully designed communities that offer convenience, holistic amenities, and long-term liveability. This land parcel allows us to plan a residential project that aligns with these expectations in a location that has shown steady and diverse housing demand. We will endeavour to create a development that brings together quality design, functionality, and an enhanced living experience for our customers.”
Godrej Properties Ltd (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.
In 2024-25, Godrej Properties retained its position as India’s largest developer by the value of residential sales achieved.
Godrej Properties Ltd
Godrej Properties Ltd is trading at Rs 1,611.30, up Rs 27.10 (1.71 per cent) from its previous close of Rs 1,584.20. The stock opened at Rs 1,585.00, has seen a high of Rs 1,614.80 and a low of Rs 1,583.00 so far.
Despite today’s gains, the stock has declined 20.05 per cent year-to-date and 20.55 per cent over the past year.
Disclaimer: The article is for informational purposes only and not investment advice.