Godrej Properties has acquired a prime 26-acre land parcel near Sarjapur Road in South Bengaluru. The company plans to develop a premium residential project on this land with an estimated revenue potential of approximately INR 1,100 crore. This acquisition strengthens Godrej Properties’ presence in a key micro-market and underscores its commitment to delivering high-quality residential developments.
Strategic Land Acquisition
Godrej Properties Limited (GPL) has announced the acquisition of a prime 26-acre land parcel located near Sarjapur Road in South Bengaluru. The company intends to develop a premium residential project on this site.
Projected Revenue
The project is estimated to have a revenue potential of approximately INR 1,100 crore. This acquisition reinforces GPL’s presence in the Sarjapur Road corridor.
Sarjapur Road Corridor
The Sarjapur Road corridor has emerged as one of Bengaluru’s most vibrant residential destinations due to its connectivity to key employment hubs like Whitefield, Outer Ring Road, and Electronic City. This area also offers good access to high-quality social infrastructure, including schools, hospitals, retail centers, and leisure options.
GPL’s Existing Presence
In South Bengaluru, GPL has a track record with developments such as Godrej Park Retreat and Godrej Lakeside Orchards, both of which have experienced high customer uptake and sales velocity. This success reinforces the Sarjapur corridor’s status.
Company Statement
Gaurav Pandey, MD & CEO, Godrej Properties, commented on the acquisition, stating: “As Bengaluru continues to consolidate its position as one of India’s most dynamic real estate markets, the Sarjapur Road corridor stands out as a key growth hub. We remain committed to delivering thoughtfully designed, high-quality developments.”
Source: BSE
