Godrej Properties acquires 7-acre land parcel in Thanisandra, North Bengaluru

Mumbai, July 1, 2024: Godrej Properties Limited. On Monday announced the acquisition of ~7 acres of land in Thanisandra, North Bengaluru on an outright basis.

The development on this land will comprise high-end residential project featuring premium residential apartments of various configurations, mentions a press release issued by the company.

The proposed project is estimated to have a developable potential of ~ 9 lakh square feet with an estimated revenue potential of ~ INR 1,200 crore *.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Availability of land parcels and infrastructure development has turned Bengaluru into a mature real estate market with increased demand for residential development. North Bengaluru is an important market for us, and we are happy to add this land parcel to our portfolio. This will further strengthen our presence in Bengaluru and complement our strategy of deepening our presence in key micro markets across India’s leading cities”.