Godrej Properties expands footprint with major acquisitions in Bengaluru and Pune

In a strategic move, Godrej Properties has acquired a 7-acre plot in Bengaluru for a premium residential project that aims to generate Rs 1,200 crore in revenue. The project, located in Thanisandra, North Bengaluru, will be spread over an area of ​​around 9 lakh sq ft.

Gaurav Pandey, Managing Director and CEO, Godrej Properties, highlighted the evolving real estate landscape in Bengaluru, citing increased demand due to available plots and infrastructure development. “North Bengaluru is an important market for us and we are happy to add this land to our portfolio. It strengthens our presence and is in line with our strategy of focusing on key micro-markets,” Pandey said.

In Pune, Godrej Properties is looking to develop an 11-acre plot in Hinjewadi. The venture will include both group housing and high street retail with an estimated development area of ​​2.2 million sq ft, which is expected to generate revenue of Rs 1,800 crore. Pandey confirmed, “Hinjewadi is key for us in Pune and this acquisition further strengthens our presence in the market.” The company remains a dominant player in the Indian real estate sector, achieving the highest sales bookings in fiscal 2023-24.

(This story has not been edited by Devdiscourse staff and is auto-generated from a feed.)