Godrej Properties acquires ~ 20-acre land parcel near Whitefield, Bengaluru

Godrej Properties Limited (GPL), one of India's leading real estate developers, today announced the acquisition of a ~20-acre land parcel in East Bengaluru. The company plans to develop a premium residential project on this site with an estimated revenue potential of approximately INR 1,350 crore, further strengthening its presence in one of the city's most active residential micro-markets.

The land parcel is located near NH-648 Main Road, situated within the broader Whitefield growth corridor, a well-established residential and commercial zone that has evolved into a prominent hub for technology firms and service-led employment. Its proximity to the Whitefield-ITPL region and access to the NH-648 corridor provide convenient mobility across East and South Bengaluru. The location is also supported by operational metro stations at Kadugodi and Hopefarm on the Purple Line, enhancing accessibility to key parts of the city.

Over the past decade, this micro-market has matured with the development of a strong social infrastructure. The presence of reputed schools, healthcare facilities, retail destinations, and leisure avenues has contributed to its evolution into a self-sustained urban ecosystem. Residential demand has remained stable, driven by consistent end-user interest across mid and premium housing categories.

Commenting on the acquisition, Gaurav Pandey, MD & CEO, Godrej Properties, said, "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."

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1642.70 as compared to the previous close of Rs. 1584.75. The total number of shares traded during the day was 39236 in over 2451 trades.

The stock hit an intraday high of Rs. 1666.00 and intraday low of 1582.30. The net turnover during the day was Rs. 63658902.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 Realty Acquisition LandParcel Whitefield Bengaluru