Key Highlights
- Godrej Properties acquires 20-acre land parcel in East Bengaluru.
- Estimated revenue potential of the project stands at approximately ₹1,350 crore.
- Planned development includes a premium residential project near Whitefield.
- Location benefits from connectivity via NH-648 and metro access.
- Whitefield micro-market shows steady demand across mid and premium housing segments.
Godrej Properties Limited (GPL) has announced the acquisition of an approximately 20-acre land parcel in East Bengaluru, marking a strategic expansion in one of the city’s most active residential corridors.
The company plans to develop a premium residential project on the site, with an estimated revenue potential of around ₹1,350 crore. This move is expected to further strengthen its footprint in Bengaluru’s high-demand housing market.
The land parcel is located near NH-648 Main Road, within the broader Whitefield growth corridor. The area is well-established as a residential and commercial hub, supported by strong infrastructure and proximity to major employment centres, particularly in the technology and services sectors. Connectivity is further enhanced by access to the Whitefield-ITPL region and operational metro lines, including Kadugodi and Hopefarm stations on the Purple Line.
Over the past decade, Whitefield has evolved into a mature micro-market with a well-developed social infrastructure. The presence of reputed schools, healthcare facilities, retail centres, and leisure avenues has contributed to sustained residential demand, particularly in mid and premium housing segments.
Commenting on the development, Gaurav Pandey, MD and CEO of Godrej Properties, stated that homebuyers in Bengaluru continue to prioritise thoughtfully designed communities offering convenience, lifestyle amenities, and long-term livability. He added that the newly acquired land parcel aligns with the company’s strategy to expand its residential portfolio in high-growth urban locations.
The company indicated that it will focus on delivering a project that combines quality design, functionality, and an enhanced living experience, in line with evolving consumer preferences.