Godrej Properties Expands Bengaluru Project with INR 2,400 Crore Potential

Godrej Properties Limited has acquired an additional 3.8-acre land parcel on Sarjapur Road, Bengaluru. This acquisition adds INR 2,400 crore in revenue potential to the company’s existing project in the area. The total project revenue potential now stands at INR 3,500 crore. The development will cover approximately 3 million sq. ft. across a total of 30 acres. This expansion allows for a large-scale, premium residential community.

The acquisition enhances the project’s financial scope significantly. The additional land unlocks INR 2,400 crore of revenue potential, contributing to a total estimated revenue of INR 3,500 crore. The development will benefit from higher Floor Space Index (FSI) permissibility, which allows for a more extensive construction plan. The project will include around 3 million sq. ft. of residential space, providing a substantial increase in the development’s scale.

The operational scope of the project involves the development of a premium residential community. The project will be master-planned as an integrated group housing development township. It will feature ample open spaces, lifestyle amenities, and a diverse residential offering. The focus will be on sustainability, wellness, and modern conveniences. The project aims to create a thoughtfully planned township community.

The Sarjapur Road location offers strategic advantages due to its connectivity to major employment centers. These include Outer Ring Road, Whitefield, Bellandur, and Electronic City. The area is supported by a mature social ecosystem with reputed schools, hospitals, retail avenues, and workspaces. This makes Sarjapur Road a preferred destination for homebuyers seeking well-connected urban living.

The timeline for the project’s implementation has not been specified in the filing. However, the acquisition and development plans indicate a strategic expansion in the Sarjapur Road micro-market. Godrej Properties aims to leverage the location’s connectivity and social infrastructure to enhance its presence in Bengaluru’s residential sector.

Godrej Properties Limited is a leading real estate developer in India, known for its focus on innovation, sustainability, and excellence. The company combines a legacy of trust with a commitment to cutting-edge design and technology. Godrej Properties has consistently been recognized for its sustainability and governance practices, maintaining its position as a top developer by residential sales value. The company remains committed to sustainable development and has received numerous awards for its contributions to the real estate industry.