Godrej Properties Buys 20 Acre Parcel Near Whitefield, Plans Rs 13.5 bn Project

20 Mar 2026 CW Team

Company aims to develop projects with an estimated gross realisation of Rs 13.5 billion, signalling a significant capital allocation for the new site. The value converts the reported Rs 1,350 crore estimate into an equivalent Rs 13.5 billion on the crore-to-billion scale, and will be referenced as Rs 13.5 bn in subsequent mentions. The funding mix and phasing were not disclosed but will typically involve internal accruals and debt or joint development arrangements.

Planned developments are expected to include a mix of residential housing and commercial amenities to serve professionals working in and around the technology and office precincts of east Bengaluru. The location offers proximity to major arterial roads and existing public transport links, which the company will highlight as key value drivers. Design plans are expected to incorporate landscaped open spaces and community amenities to enhance liveability. The project aims to address continued demand for quality housing and organised retail in the growing micro market.

Analysts said such acquisitions reflect ongoing investor confidence in Bengaluru despite broader market cycles and underscore a shift towards peripheral nodes with strong employment density. Godrej Properties will likely stage launches in phases to optimise absorption and pricing, consistent with its recent project playbook. The developer will proceed subject to regulatory clearances and prevailing market conditions. The acquisition adds to the developer's urban portfolio and positions it to capture demand in a market that remains active.

Godrej Properties has acquired a 20-acre land parcel near Whitefield in Bengaluru as part of its expansion strategy in the city. The company identified the site on the eastern fringe of the city for large-scale development. The acquisition is intended to tap residential and commercial demand in the Whitefield submarket. The move follows the developer's strategy to expand in high-growth urban centres and to secure land banks that enable phased launches. Company aims to develop projects with an estimated gross realisation of Rs 13.5 billion, signalling a significant capital allocation for the new site. The value converts the reported Rs 1,350 crore estimate into an equivalent Rs 13.5 billion on the crore-to-billion scale, and will be referenced as Rs 13.5 bn in subsequent mentions. The funding mix and phasing were not disclosed but will typically involve internal accruals and debt or joint development arrangements. Planned developments are expected to include a mix of residential housing and commercial amenities to serve professionals working in and around the technology and office precincts of east Bengaluru. The location offers proximity to major arterial roads and existing public transport links, which the company will highlight as key value drivers. Design plans are expected to incorporate landscaped open spaces and community amenities to enhance liveability. The project aims to address continued demand for quality housing and organised retail in the growing micro market. Analysts said such acquisitions reflect ongoing investor confidence in Bengaluru despite broader market cycles and underscore a shift towards peripheral nodes with strong employment density. Godrej Properties will likely stage launches in phases to optimise absorption and pricing, consistent with its recent project playbook. The developer will proceed subject to regulatory clearances and prevailing market conditions. The acquisition adds to the developer's urban portfolio and positions it to capture demand in a market that remains active.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Infrastructure Urban

20 Mar 2026

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

Infrastructure Energy

20 Mar 2026

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..