Real estate developer Godrej Properties Ltd has acquired a 14-acre land parcel in Hoskote, East Bengaluru, to launch a premium residential project expected to generate revenue of around ₹1,500 crore. In a regulatory filing on Monday, the company announced plans to develop the project on this strategically located plot.
“The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore,” it added.
Godrej Properties stated that this acquisition reinforces its ongoing growth strategy in East Bengaluru. However, the company did not disclose the cost of the land acquisition.
Gaurav Pandey, MD and CEO, Godrej Properties, said, “Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities.”
Earlier this month, Godrej Properties also acquired a 14-acre land parcel in Pune for approximately ₹800 crore to develop a residential project. The company anticipates generating around ₹4,200 crore in revenue from this project, which offers a developable potential of 3.7 million square feet.
Godrej Properties remains one of India’s leading real estate developers, actively expanding its footprint across major cities.
