Godrej Properties buys 4-acre land parcel in North-West Bengaluru
"Yeshwanthpur is an important micro market for us, and we are happy to add this land parcel to our portfolio," said Gaurav Pandey, MD & CEO, Godrej Properties | File image
Real estate developer Godrej Properties announced that it has purchased a 4-acre land parcel. The land is located in Yeshwanthpur abutting National Highway - 75, one of the prime locations in Bengaluru.
The recent project by Godrej Properties is estimated to have a developable potential of approximately 0.7 million square feet of the saleable area comprising primarily of premium residential apartments of various configurations with an estimated revenue potential of Rs 1,000 crore (based on current business assumptions) with scope to increase to Rs 1,250 crore basis additional 1-acre land acquisition, making ...