Godrej Properties adds INR 2,400 crore additional revenue potential to its recent acquisition on Sarjapur Road, Bengaluru

Godrej Properties Limited (GPL) (BSE: GODREJPRP), one of India's leading real estate developers, today announced the acquisition of an additional ~ 3.8-acre land parcel in South Bengaluru, thereby unlocking INR 2,400 crore of additional revenue and ~ 2 million sq. ft. of additional development potential. With this acquisition, GPL envisions a large-scale, premium residential community with an estimated total revenue potential of ~ INR 3,500 crore with ~ 3 million sq. ft. on the overall ~ 30 acres development. The enhanced potential is largely due to higher FSI permissibility across the entire land parcel, allowing the combined ~ 30 acres holding to be master planned as an integrated group housing development township.

This land parcel offers GPL 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.

This acquisition also strengthens GPL's presence in the Sarjapur Road micro-market, one of Bengaluru's most vibrant residential hubs. The area's appeal lies in its seamless connectivity to major employment centers such as Outer Ring Road, Whitefield, Bellandur, and Electronic City, complemented by a mature social ecosystem of reputed schools, hospitals, retail avenues, and workspaces. These factors make Sarjapur Road a preferred destination for homebuyers seeking wellconnected, high-quality urban living.

Commenting on the acquisition, Gaurav Pandey, MD & CEO, Godrej Properties, said, "This expansion gives us the opportunity to create a landmark community that reflects our vision for sustainable, integrated living. The strong performance of our projects in this corridor highlights the depth of demand and the confidence customers place in our brand. We will aim to deliver a development that not only meets the aspirations of today's homebuyers but also sets new standards for design, wellness, and urban planning in Bengaluru."

* On the basis of current business assumptions.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 2130.30 as compared to the previous close of Rs. 2150.85. The total number of shares traded during the day was 16046 in over 2193 trades.

The stock hit an intraday high of Rs. 2178.55 and intraday low of 2111.00. The net turnover during the day was Rs. 34168022.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 Realty LandAcquisition SouthBengaluru