Mumbai, Oct 15 (UNI) Mumbai-headquartered Godrej Properties Limited (GPL) officially announced in a regulatory filing to the stock exchange here today that it has acquired a prime 26-acre land parcel in South Bengaluru, near Sarjapur Road to develop a premium residential project, with an estimated revenue potential of Rs 1,100 crore.
“This acquisition reinforces GPL’s confidence in the Sarjapur Road corridor, further strengthening its presence in a micro-market that has rapidly emerged as one of Bengaluru’s most vibrant residential destinations. Its connectivity to key employment hubs such as Whitefield, Outer Ring Road, and Electronic City, along with good access to high-quality social infrastructure including leading schools, hospitals, retail centres, and leisure avenues has made Sarjapur a preferred choice for discerning homebuyers,” according to the company statement.
Commenting on the development, Godrej Properties Ltd MD & CEO Gaurav Pandey said, “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 within the city’s evolving urban fabric. The strong performance of our recent projects in this micro-market reflects the depth of demand and the trust customers have in our brand. We remain committed to delivering thoughtfully designed, high-quality developments that enrich lives and create enduring value for all stakeholders.”
The acquisition reinforces the company’s confidence in the Sarjapur Road corridor, further strengthening its presence in a micro-market which has rapidly emerged as one of Bengaluru’s most vibrant residential destinations, according to the company statement.
Godrej Properties Ltd has established a strong track record in South Bengaluru with developments such as Godrej Park Retreat and Godrej Lakeside Orchards, both of which have experienced high customer uptake and sustained sales velocity. Their success reinforces the Sarjapur corridor’s status as a high-demand micro-market and affirms GPL’s consistent ability to craft high-quality residential communities, the company statement mentioned.
The company has a significant presence in the Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCS), Pune, Bengaluru and Hyderabad.
