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Godrej Properties has acquired an additional 3.8-acre land parcel in South Bengaluru, increasing its consolidated land bank in the area to nearly 30 acres. The newly added plot unlocks an estimated INR 2,400 crore in incremental revenue potential and around 2 million sq. ft. of extra development capacity. When combined with the 26-acre parcel the company bought in the past few months, the total project revenue potential is expected to reach about INR 3,500 crore with an overall build-up of nearly 3 million sq. ft. The location lies in the active Sarjapur Road micro-market.
Godrej Properties recently completed the acquisition of an additional 3.8-acre land parcel in South Bengaluru. This acquisition increases the company's total contiguous land holding in the Sarjapur Road belt to roughly 30 acres, allowing it to plan a unified township-style development instead of multiple standalone projects. Advertisement
According to the company, the newly added parcel provides approximately INR 2,400 crore in incremental revenue potential. The site also offers close to 2 million sq. ft. of added development capacity, supported by the higher permissible floor space index applicable in the area. With this, Godrej Properties now expects the combined development across all 30 acres to generate about INR 3,500 crore in total revenue, with an estimated 3 million sq. ft. of build-up potential for residential use.
The company had earlier acquired a 26-acre land parcel in the same corridor, which carried a revenue potential of around INR 1,100 crore. By merging both parcels into a single development plan, the firm aims to create a cohesive layout with better land utilisation, improved infrastructure planning, and a consistent residential offering.
A senior company executive stated that this expansion aligns with its broader plan to strengthen its position in Bengaluru's established residential pockets. The Sarjapur Road micro-market continues to see sustained demand due to its connectivity to major employment hubs and the presence of social infrastructure such as schools, healthcare facilities, and commercial precincts.
Market reports from the past year have also shown steady project absorption in this region, and developers have been actively consolidating land due to rising demand for organised housing. For Godrej Properties, this acquisition further deepens its presence in a location where its earlier projects have recorded strong sales traction.
Source Reuters
5th Jun, 2025
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