Godrej Properties secures prime land for luxury development in North Bengaluru

Godrej Properties Limited (GPL), a top-tier real estate developer in India, has strategically acquired approximately 7 acres of prime land in Thanisandra, North Bengaluru, to develop a high-end residential project. The project is expected to feature premium residential apartments of various configurations, with an estimated developable potential of around 9 lakh square feet and an anticipated revenue potential of approximately INR 1,200 crore.

Located along Thanisandra Main Road, this land parcel benefits from excellent connectivity to major highways and social-commercial zones, including the Kempegowda International Airport, NH44, and the Outer Ring Road. Thanisandra is emerging as a vibrant hub for both commercial and residential real estate, equipped with a robust infrastructure that includes schools, malls, tech parks, and special economic zones (SEZs).

Gaurav Pandey, Managing Director & CEO of Godrej Properties, commented on the acquisition: “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.”

This acquisition by Godrej Properties not only capitalizes on the growing demand for luxury living spaces in Bengaluru but also strategically positions the company to benefit from the city’s ongoing infrastructural enhancements. The development promises to offer a unique blend of luxury and convenience, potentially setting new standards in the urban real estate market.