Godrej Properties (GPL) has acquired an additional around 3.8-acre land parcel in South Bengaluru, thereby unlocking Rs 2,400 crore of additional revenue and around 2 million sq. ft. of additional development potential. With this acquisition, the company envisions a large-scale, premium residential community with an estimated total revenue potential of around Rs 3,500 crore with around 3 million sq. ft. on the overall around 30 acres development. The enhanced potential is largely due to higher FSI permissibility across the entire land parcel, allowing the combined around 30 acres holding to be master planned as an integrated group housing development township.
This land parcel offers the company the scale to conceptualize a thoughtfully planned township community with ample open spaces, lifestyle amenities, and a diverse residential offering that blends sustainability, wellness, and modern conveniences.
Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.
