Godrej Properties Limited (GPL) announced the acquisition of a significant 20-acre land parcel in East Bengaluru, near Whitefield. The company anticipates a development potential yielding approximately INR 1,350 crore in pre-sales revenue. This strategic acquisition aims to capitalize on the growing demand for premium residential projects in the well-established Whitefield-ITPL growth corridor, reinforcing GPL’s commitment to the Bengaluru market.
Godrej Properties Acquires Prime Bengaluru Land
Godrej Properties Limited (GPL), one of India’s leading real estate developers, has secured a strategic 20-acre land parcel in East Bengaluru. This acquisition is poised to significantly boost GPL’s presence in one of the city’s most robust micro-markets.
Revenue Potential and Location
The development on this land is projected to yield an estimated revenue potential of approximately INR 1,350 crore through pre-sales. The land is strategically located near the NH-648 Main Road, situated within the broader Whitefield growth corridor. This area is recognized for its thriving commercial zone, proximity to technology firms, and established social infrastructure, including excellent connectivity via the Purple Line metro extension.
Strategic Rationale
GPL stated that the acquisition aligns with its strategy to offer thoughtfully designed communities that meet the increasing demand for high-quality housing. Commenting on the deal, Gaurav Pandey, MD & CEO, Godrej Properties, noted that the firm seeks to capitalize on the demand for diverse housing options in locations that promise enduring quality design and functionality.
Company Background
The announcement reiterates Godrej Properties’ commitment to sustainability, having achieved high rankings in global benchmarks. The company highlighted its continued focus on developing green buildings, noting that it aims for third-party verified green buildings across all future project launches through 2025. Godrej Properties has also received numerous accolades, including being named the Most Trusted Real Estate Brand.
Contact Information
For further press inquiries, the designated contact is Anurag David, Corporate Communications for Godrej Industries Limited. The official date of this announcement is March 18, 2026.
Source: BSE
