Stock Report

Godrej Properties to develop project in Yelahanka, Bengaluru with an estimated revenue potential of ~INR 2,500 crore

Posted On : 2025-03-22 10:34:26( TIMEZONE : IST )

Godrej Properties Limited (GPL), one of India's leading real estate developers, today, announced the acquisition of ~10 acres of land in Yelahanka, Bengaluru. This project is estimated to have a developable potential of ~1.5 million square feet of saleable area, likely comprising primarily of premium residential development of various configurations and high street retail, with an estimated revenue potential of ~ INR 2,500 crore*.

The land is located in a strategic and high-potential area along the NH-44 in Yelahanka. This acquisition further solidifies GPL's footprint in North Bengaluru and reaffirms the company's commitment to delivering high-quality residential developments.

Yelahanka is one of the fastest-growing residential and commercial real estate markets in North Bengaluru, strategically located along the Bengaluru International Airport Road. Yelahanka offers well-developed social and civic infrastructure, with several renowned multi-specialty hospitals, shopping complexes, residential townships, and upcoming commercial projects in proximity. The area benefits from excellent connectivity to the Kempegowda International Airport, the Outer Ring Road (ORR), and major IT hubs, making it a highly sought-after destination for residential, commercial, and mixed-use developments.

Gaurav Pandey, MD & CEO, Godrej Properties said, "Yelahanka 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."

* On the basis of the current business assumptions.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 2140.25 as compared to the previous close of Rs. 2108.50. The total number of shares traded during the day was 14131 in over 2120 trades.

The stock hit an intraday high of Rs. 2178.95 and intraday low of 2102.95. The net turnover during the day was Rs. 30443984.00.