Godrej Properties Announces Premium Township in North Bengaluru

Godrej Properties (GPL) is set to launch a large-scale premium township project in a prime location of North Bengaluru.

• Project Highlights:

  • Area: 62 acres
  • Location: North Bengaluru (excellent connectivity to key areas)
  • Saleable Area: Approx. 5.6 million sq ft
  • Project Type: Primarily premium residential apartments
  • Estimated Booking Value: Rs 5,000 crore (based on current business assumptions)
  • Profit-sharing Model

• Project Features:

  • Modern amenities and design
  • High-quality living experience
  • Excellent connectivity:
    • Kempegowda International Airport
    • Upcoming metro station
    • Residential & commercial developments
    • Special Economic Zone
    • Social infrastructure
    • 8-lane Highway to Central Business District and other key areas

• Project Timeline:

  • First phase launch expected in the upcoming financial year

Significance:

• This project fulfills GPL’s agreement for a land parcel acquired in 2014.
• It reflects their commitment to developing high-quality residential projects in Bengaluru, a major Indian city.

Overall, this new township project strengthens Godrej Properties’ presence in the North Bengaluru market and caters to the growing demand for premium living spaces.