Godrej Properties procures 28-acre land parcel
Real Estate

Godrej Properties procures 28-acre land parcel

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code