Godrej Properties to Develop 62-acre Township Project in North Bengaluru

Mumbai, March 04, 2024: Godrej Properties Ltd. On Monday, announced that it has entered into definitive agreements to develop a large township project in North Bengaluru under a profit-sharing model.

Spread across ~62 acres, the land is located in North Bengaluru. The project will offer ~ 5.6 million square feet of saleable area comprising primarily premium residential apartments of various configurations. The project will cater to the aspirations of customers who are looking for a high-quality living experience with modern amenities and design with outstanding connectivity.

While an agreement for sale for land including this 62 acres was entered into by GPL in 2014, the development wasn’t able to commence at the time, informs a press release issued by the company.  GPL expects to launch the first phase of development on this land in the upcoming financial year.

Gaurav Pandey, MD & CEO, Godrej Properties said, “We are excited with the opportunity to develop a large scale project in a strategic location in Bengaluru. We will aim to build an outstanding residential community that creates long-term value for its residents.”