Godrej Properties Limited (GPL), a leading real estate developer in India, has announced its acquisition of approximately 10 acres of land in Yelahanka, a prime locality in Bengaluru. This acquisition further strengthens the company's presence in the rapidly growing North Bengaluru market. The development on this land is expected to have an estimated saleable area of 1.5 million square feet, with a primary focus on premium residential properties and high-street retail. The total revenue potential for the project is estimated to be INR 2,500 crore, based on current business assumptions.

Yelahanka, located along the National Highway NH-44, is one of the most promising areas for real estate development in North Bengaluru. It is strategically positioned near the Kempegowda International Airport, providing easy access to the Outer Ring Road (ORR) and major IT hubs. The area boasts well-developed social infrastructure, including multi-specialty hospitals, shopping complexes, and residential townships. Additionally, several commercial projects are currently underway, making it a highly desirable location for residential, commercial, and mixed-use developments.

Gaurav Pandey, the Managing Director and CEO of Godrej Properties, expressed his enthusiasm about the acquisition, stating that Yelahanka is a crucial micro-market for the company. He further added that this acquisition aligns with the company's strategy of expanding its presence in key micro-markets across major cities in India.

The project’s success is expected to be bolstered by the strong demand for residential and commercial properties in Yelahanka, thanks to its excellent connectivity and proximity to Bengaluru’s major landmarks. As the real estate market in Bengaluru continues to thrive, this acquisition will play a significant role in meeting the growing demand for quality housing and commercial spaces in the area.

About Godrej Properties Limited: Godrej Properties is a part of the Godrej Group, known for its commitment to innovation, sustainability, and excellence in real estate development. The company integrates over 128 years of trust and legacy into each of its projects, combining cutting-edge technology and sustainable design. In FY 2024, Godrej Properties was recognized as the largest residential developer in India by the value of residential sales. The company has also been at the forefront of sustainable development, with all its projects certified as green buildings. Notably, Godrej Properties has been ranked #1 globally for sustainability by the Global Real Estate Sustainability Benchmark (GRESB) in recent years. The company has won several prestigious awards, including Developer of the Year at the GRI India Awards 2024 and the Porter Prize 2019.

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