Business Update30 Jun 2024, 01:50 am
Godrej Properties Acquires 7-Acre Land in Thanisandra, North Bengaluru for High-End Residential Project with INR 1,200 Crore Revenue Potential
AI Summary
Godrej Properties Ltd. has announced the acquisition of approximately 7 acres of land in Thanisandra, North Bengaluru, for the development of a high-end residential project. The land, acquired on an outright basis, has a developable potential of around 9 lakh square feet and an estimated revenue potential of INR 1,200 crore. This acquisition is expected to further strengthen the company's presence in the Bengaluru real estate market.
Key Highlights
- Godrej Properties has acquired 7 acres of land in Thanisandra, North Bengaluru.
- The land is intended for the development of a high-end residential project.
- The project has a developable potential of approximately 9 lakh square feet.
- The estimated revenue potential of the project is INR 1,200 crore.
- This acquisition is expected to bolster the company's presence in the Bengaluru real estate market.