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Godrej Properties has acquired a 26-acre land parcel near Sarjapur Road in South Bengaluru for a premium residential project with estimated revenue of around INR 1,100 crore. While the seller and deal value remain undisclosed, the acquisition highlights the company's focus on high-demand micro-markets. Gaurav Pandey, MD & CEO, emphasized Bengaluru's growth potential and the trust customers place in the brand. With a strong presence across Mumbai, Delhi-NCR, Pune, Bengaluru, and Hyderabad, Godrej continues to expand strategically in cities and corridors where residential demand is robust and infrastructure is evolving.
Godrej Properties has expanded its operations in Bengaluru with the acquisition of a 26-acre land parcel in South Bengaluru, near Sarjapur Road, for developing a premium residential project. The company expects the project to generate revenue of around INR 1,100 crore. The identity of the seller and the deal value were not disclosed. Advertisement
Gaurav Pandey, MD & CEO of Godrej Properties, stated that Bengaluru continues to be one of India's most dynamic real estate markets, with the Sarjapur Road corridor emerging as a key growth hub. He highlighted that the strong performance of the company's recent projects in this area reflects both the robust demand for quality homes and the trust customers place in the Godrej brand.
Godrej Properties, recognized as one of the country's largest developers, maintains a significant presence across key markets including the Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru, and Hyderabad. The company has consistently focused on premium residential projects in well-connected urban areas, and this latest acquisition aligns with its long-term strategy of targeting high-potential micro-markets.
The Sarjapur Road corridor has seen growing interest from developers and homebuyers alike due to its improving infrastructure, connectivity to major IT hubs, and evolving urban amenities. Recent trends indicate increasing demand for premium residential projects in the area, as families and professionals look for homes in well-planned neighborhoods with easy access to workplaces, schools, and lifestyle facilities.
By entering this micro-market, Godrej Properties is positioning itself to meet this demand while strengthening its portfolio of high-quality residential developments. The move reflects the company's continued focus on expanding in cities and corridors where real estate growth is driven by strong economic activity and urban development.
Source PTI
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