Godrej Properties buys four-acre land in Bengaluru

Godrej Properties (GPL) has purchased a four-acre land parcel on an outright basis in Yeshwanthpur, Bengaluru.

This project is estimated to have a developable potential of approximately 0.7 million sq ft of saleable area comprising primarily of premium residential apartments of various configurations with an estimated revenue potential of Rs 1,000 crore with scope to increase to Rs 1,250 crore basis additional 1-acre land acquisition, making it overall about five-acre parcel.

Gaurav Pandey, MD & CEO, Godrej Properties said, “This will further strengthen our presence in Bengaluru and complement our strategy of strengthening our presence in key micro markets across India’s leading cities.”