Godrej Properties adds another acre in Bengaluru expansion
Real Estate

Godrej Properties adds another acre in Bengaluru expansion

Godrej Properties announced the acquisition of an additional land parcel measuring around one acre in Yeshwanthpur, Bengaluru, through outright purchase. The land was revealed to have a developable potential of approximately 1.40 lakh sq ft saleable area. The company disclosed its intention to develop high-end residential apartments on this acquired land.

In a recent development, the company had previously procured approximately four acres of land in Yeshwanthpur through an outright purchase. The projected developable potential of this land is estimated to be around 0.7 million sq ft of saleable area, primarily consisting of premium residential apartments.

The project is anticipated to generate an estimated revenue potential of Rs 10 billion. Furthermore, there is a possibility for this revenue to increase to Rs 12.50 billion, considering the additional acquisition of one acre of land. This would result in the overall land parcel size being around five acres, as per the company's statement.

Godrej Properties announced the acquisition of an additional land parcel measuring around one acre in Yeshwanthpur, Bengaluru, through outright purchase. The land was revealed to have a developable potential of approximately 1.40 lakh sq ft saleable area. The company disclosed its intention to develop high-end residential apartments on this acquired land. In a recent development, the company had previously procured approximately four acres of land in Yeshwanthpur through an outright purchase. The projected developable potential of this land is estimated to be around 0.7 million sq ft of saleable area, primarily consisting of premium residential apartments. The project is anticipated to generate an estimated revenue potential of Rs 10 billion. Furthermore, there is a possibility for this revenue to increase to Rs 12.50 billion, considering the additional acquisition of one acre of land. This would result in the overall land parcel size being around five acres, as per the company's statement.

Next Story
Infrastructure Urban

GHV Infra Expands Into UAE, Announces Share Split and Bonus Issue

Infrastructure and construction firm GHV Infra Projects Ltd has incorporated a wholly-owned subsidiary, GHV Infra FZ-LLC, in the Ras Al Khaimah Economic Zone, UAE, to explore international business opportunities.“With significant investments underway in infrastructure and construction across the Middle East and surrounding regions, GHV Infra FZ-LLC positions us to participate in these opportunities,” the company stated.The board has also approved a sub-division of equity shares from Rs 10 per share to Rs 5 per share, alongside a bonus issue in the ratio of 3:2, granting three new shares fo..

Next Story
Real Estate

ArisInfra Secures New Domestic Construction Order

ArisInfra Solutions has secured a domestic contract covering development management, project execution, and material supply, delivered through its integrated full-stack platform.The order, to be executed over 2–3 years, is expected to make a significant contribution to ArisInfra’s revenue. The company confirmed that neither its promoters nor promoter group hold any interest in the awarding entity, and the contract does not constitute a related party transaction.ArisInfra Solutions is a B2B technology firm simplifying procurement of construction materials across India. Its digital platform ..

Next Story
Real Estate

HoABL Launches Naigaon Affordable Housing Project

Mumbai-based real estate firm House of Abhinandan Lodha (HoABL) plans to invest around Rs 14 billion in an affordable housing project in Naigaon, a suburb roughly one hour from Dadar. Over the next three years, the development will offer 4,000 apartments and 2 million sq ft of built-up space, with completion targeted by 2029 across three sales cycles, Abhinandan Lodha, founder and chairperson, said on 22 September.The company is exploring seven additional locations within the Mumbai Metropolitan Region for similar affordable housing projects. The first initiative, Growth Housing, has launched ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?