Godrej Buys More Land In Bengaluru For Rs 2.4 Billion Project

21 Nov 2025 CW Team

Godrej Properties has acquired an additional 3.8-acre land parcel in South Bengaluru, a move that could unlock around Rs 2.4 billion in revenue and add nearly 2 million sq ft of development area. With this purchase, the company will now develop a premium residential community across a combined landholding of about 30 acres.

In October, the developer bought a 26-acre plot in Sarjapur, Bengaluru, for a housing project expected to generate Rs 1.1 billion in revenue. Together, the expanded project is projected to yield around Rs 3.5 billion in revenue and offer approximately 3 million sq ft of developable space.

In its regulatory filing on Monday, Godrej Properties said the higher floor space index (FSI) across the integrated parcel will enable the creation of a master-planned group housing township featuring open spaces, lifestyle amenities and sustainable design elements.

Managing Director and CEO Gaurav Pandey said: “The enhanced potential is largely due to higher FSI permissibility across the entire land parcel, allowing the combined 30 acres to be master planned as an integrated group housing township.”

Shares of Godrej Properties have fallen 23.67 per cent so far this year.

Real Estate

07 Jan 2026

NHB Flags Slow PMAY 2.0 Loan Disbursements

National Housing Bank has flagged slower-than-expected loan disbursements under Pradhan Mantri Awas Yojana (PMAY) 2.0 during a recent review with housing finance companies, according to reports. The regulator noted that lending under the interest subsidy scheme has yet to gain the intended momentum, despite the programme being operational for several months. The issue was discussed in a meeting with chief executives of leading housing finance companies last week, where NHB officials said disbursals were falling short of internal targets. Lenders were asked to strengthen follow-through on sanc..

HDFC AMC Enters Private Credit With Structured Debt Fund

HDFC Asset Management Company has entered India’s fast-growing private credit market with the launch of its Structured Credit Fund-I, aimed at providing alternative debt financing to mid-market companies. The International Finance Corporation, a member of the World Bank Group, will invest up to Rs 2.2 billion as an anchor investor in the fund, HDFC AMC said in a statement. The fund has secured commitments of around Rs 12.9 billion in its first close and is targeting a total corpus of Rs 15 billion, with a green-shoe option to raise an additional Rs 10 billion. This includes a sponsor commi..

Coal Imports Seen Easing After November Surge

India’s coal imports, which rose sharply by 28.1 per cent in November, are expected to decline in the coming months as domestic availability improves, according to industry data. Coal imports increased to 25.07 million tonnes in November, compared with 19.57 million tonnes in the same month last year, data compiled by mjunction services ltd showed. The platform is a joint venture between SAIL and Tata Steel. According to mjunction, the increase was largely driven by winter restocking by steel producers, along with fresh buying triggered by weak seaborne coal prices. However, imports are ex..