Godrej Properties Enters into 33 acre Joint Venture Deal in Bannerghatta, Bengaluru

Godrej Properties Enters into 33 acre Joint Venture Deal in Bannerghatta, Bengaluru

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2 year(s) ago

Godrej Properties Ltd (GPL), a leading Indian realty developer, has announced a new project in Bengaluru. Godrej Properties has signed a new Joint Venture Deal in Bannerghatta Road, South Bengaluru on 33 acres of land with a development potential of approximately 3.4 million sq.ft

  • Project Highlights:

    • Location: Bannerghatta Road, South Bengaluru
    • Land Area: 33 acres
    • Developable Area: Approximately 3.4 million sq ft
    • Estimated Revenue: Rs 2,000 crore
    • Acquisition Type: Outright purchase with 5% area share to landowners
  • Significance:

    • Expands Godrej Properties’ presence in South Bengaluru.
    • Aligns with the company’s strategy of strengthening its foothold in key Indian cities.
  • Project Benefits:

    • Excellent connectivity to Bannerghatta Main Road and Electronic City’s IT/ITES belt.
    • Well-developed social infrastructure with schools, hospitals, and retail options nearby.
  • Company Growth Plans:

    • Godrej Properties aims to invest Rs 7,500 crore in new projects over the next 12-18 months.
    • The company expects to achieve record sales bookings in the 2021-22 financial year.

Overall, this acquisition reflects Godrej Properties’ bullish outlook on the Bengaluru real estate market and its commitment to expanding its portfolio in major Indian cities.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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