Godrej Properties has acquired a 4-acre land parcel in Yeshwanthpur, Bengaluru, adjacent to National Highway – 75.
The new project is expected to offer around 0.7 million square feet of saleable area, mainly consisting of premium residential apartments in different configurations. The estimated revenue potential stands at Rs 1,000 crore based on current business assumptions, and it could increase to Rs 1,250 crore with an additional 1-acre land acquisition, making it a total 5-acre parcel.
The site in Yeshwanthpur holds a strategic position, boasting a substantial frontage on National Highway – 75. The area is characterized by well-established commercial and social infrastructure.
With proximity to Goraguntepalya and Peenya metro stations, it offers convenient access to the Central Business District (CBD) and various other parts of Bengaluru. Additionally, the location facilitates connectivity to the Kempegowda International Airport and other significant areas in Bengaluru through Outer Ring Road – Hebbal.
“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.
“This will further strengthen our presence in Bengaluru and complement our strategy of deepening our presence in key micro markets across India’s leading cities,” Pandey said.
