Godrej Properties procures 28-acre land parcel

14 Mar 2023 CW Team

Godrej Properties, the real estate development arm of Godrej Group, has acquired a 28-acre land parcel in Bengaluru for the development of a mixed-use project comprising apartments and retail space. The company's land acquisition strategy aims to strengthen its presence in key property markets across the country.

The land parcel is located near Outer Ring Road and Whitefield neighbourhood, which is known for its technology parks, upmarket apartments, and shopping and entertainment hubs. Local property brokers estimate that land in the Whitefield locality is currently priced above INR 200 million per acre. Last month, the company acquired a bungalow in Mumbai's Chembur suburb to develop a premium residential project.

Godrej Properties has been leveraging its brand and financial position to tap consolidation opportunities through outright acquisitions, alliances, and distress situations in the real estate sector. The company has added nine new projects during the quarter ended December with an estimated saleable area of nearly 17 million sq ft with a potential booking value of Rs 230,500 million. The company has been expanding its portfolio in the southern part of the country too, with the acquisition of a 60-acre land parcel in Chennai's Oragadam Junction. Industry experts believe that market consolidation in favour of large and established developers will gain momentum, owing to their better execution ability and access to liquidity in the current market environment compared to smaller developers.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..