Godrej Expands in Bengaluru and Raipur with Land Buys
Real Estate

Godrej Expands in Bengaluru and Raipur with Land Buys

Mumbai-based listed developer Godrej Properties Ltd (GPL) has acquired a 48-acre land parcel in Doddaballapur, North Bengaluru, the company announced in a regulatory filing. The upcoming project is expected to offer a development potential of 1.1 million square feet, primarily through plotted residential development.
Located near the upcoming Satellite Town Ring Road (STRR), the land benefits from enhanced connectivity and proximity to Kempegowda International Airport, major industrial zones, and Nandi Hills. Doddaballapur is fast emerging as a sought-after real estate destination in North Bengaluru.
“This investment reinforces our focus on expanding in key growth corridors through well-planned residential communities,” said Gaurav Pandey, Managing Director and CEO of Godrej Properties. He added that the acquisition strengthens the company’s presence in a high-potential micro-market, aligning with its broader strategy for Bengaluru, a priority region.
In addition to this acquisition, GPL has announced its entry into Raipur with the purchase of approximately 50 acres of land for a plotted residential development project, offering an estimated saleable area of 950,000 square feet. The land is located near Old Dhamtari Road, a rapidly developing area with strong connectivity to Central Raipur, the railway station, and Swami Vivekananda Airport.
Earlier in June, the company unveiled plans for a premium residential project in Hoskote, East Bengaluru, on a 14-acre parcel, targeting 1.5 million square feet of saleable area with an estimated revenue potential of Rs 15 billion.
These acquisitions underscore Godrej Properties’ continued focus on expanding in high-growth urban corridors through strategic land investments and premium residential offerings. 

Mumbai-based listed developer Godrej Properties Ltd (GPL) has acquired a 48-acre land parcel in Doddaballapur, North Bengaluru, the company announced in a regulatory filing. The upcoming project is expected to offer a development potential of 1.1 million square feet, primarily through plotted residential development.Located near the upcoming Satellite Town Ring Road (STRR), the land benefits from enhanced connectivity and proximity to Kempegowda International Airport, major industrial zones, and Nandi Hills. Doddaballapur is fast emerging as a sought-after real estate destination in North Bengaluru.“This investment reinforces our focus on expanding in key growth corridors through well-planned residential communities,” said Gaurav Pandey, Managing Director and CEO of Godrej Properties. He added that the acquisition strengthens the company’s presence in a high-potential micro-market, aligning with its broader strategy for Bengaluru, a priority region.In addition to this acquisition, GPL has announced its entry into Raipur with the purchase of approximately 50 acres of land for a plotted residential development project, offering an estimated saleable area of 950,000 square feet. The land is located near Old Dhamtari Road, a rapidly developing area with strong connectivity to Central Raipur, the railway station, and Swami Vivekananda Airport.Earlier in June, the company unveiled plans for a premium residential project in Hoskote, East Bengaluru, on a 14-acre parcel, targeting 1.5 million square feet of saleable area with an estimated revenue potential of Rs 15 billion.These acquisitions underscore Godrej Properties’ continued focus on expanding in high-growth urban corridors through strategic land investments and premium residential offerings. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Panel Urges Zone-Wise Freight Plans and Crew Strengthening

A Parliamentary Standing Committee has urged the Railway Ministry to prepare zone-wise plans to enhance freight traffic in regions with limited mineral movement and industrial activity, according to its ninth report tabled in Parliament on 10 August. The Committee commended efforts to augment network capacity through multitracking, operationalisation of Dedicated Freight Corridors (DFC) and modernisation of yards. It noted that the Ministry has said periodic data-driven assessments are carried out with inputs from Zonal Railways, Divisional Railways and Business Development Units to support po..

Next Story
Infrastructure Urban

Coal India Weighs Buying Wealth Minerals Unit For Chile Lithium

Coal India Limited is evaluating a proposal to acquire the Chilean lithium assets held by the Wealth Minerals unit in Canada as part of a strategic move into battery materials. The company is assessing the asset portfolio, regulatory landscape and integration challenges while retaining coal operations as its core business. The potential interest reflects a shift by a state-owned miner towards minerals critical to the low emission transition. Wealth Minerals, a Canada-based exploration company, holds licences and exploration agreements in Chile that involve hard rock and brine lithium prospects..

Next Story
Infrastructure Energy

Bajel Projects Wins Ultra?Mega Transmission Line Contract

Bajel Projects Limited has secured an Ultra?Mega engineering, procurement and construction order for a transmission line package TL05 from PowerGrid Corporation of India Limited on behalf of its special purpose vehicle. The award forms part of the Western Region–Eastern Region inter?regional network expansion scheme Part A procured under the tariff based competitive bidding route. The contract covers construction of a 765 kV double circuit transmission line. The scope includes bypassing of the Raigarh (Tamnar)–Dharamjaygarh (Sec?B) 765 kV double circuit line and reconfiguration to form the..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement