Godrej Properties acquires 48 acre land parcel in Bengaluru, its second in a week
Published on 18/07/2025 08:40 AM
Godrej Properties acquires 48 acre land parcel in Bengaluru, its second in a weekGodrej Properties, last month, had reported sales worth over ₹2,000 crore during the launch of the first phase of the Barca @ Godrej MSR City in Devanahalli, Bengaluru.By Juviraj Anchil July 18, 2025, 8:40:09 AM IST (Published)2 Min ReadShares of Mumbai-based real estate developer Godrej Properties Ltd. will once again be in focus today, after the company announced that it has acquired a 48-acre land parcel in Bengaluru, Karnataka.
The real estate developer, in exchange for filing, said it acquired this 48-acre land parcel in the micro-market of Doddaballapur, North Bengaluru.
Godrej Properties added that the land is located near the Satellite Town Ring Road (STRR). The development on this land will primarily comprise plotted units with a development potential of ~ 1.1 million square feet.
Doddaballapur is being deemed as a key region, given its connectivity to the city's international airport.
Previous Projects
This comes after the company announced the acquisition of 50 acres of residential land in Raipur earlier this week.
The property, located close to central Raipur, the railway station, Swami Vivekananda Airport, and the upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways, will see the development of a premium plotted residential project with an estimated saleable area of approximately 9.5 lakh square feet.
Godrej Properties, last month, had reported sales worth over ₹2,000 crore during the launch of the first phase of the Barca @ Godrej MSR City in Devanahalli, Bengaluru.
This comes a month after the company announced another acquisition, this time in Pune, where the company acquired 16 acres of land in the city's Upper Kharadi locality. The Pune project, located close to IT hubs in Viman Nagar, Magarpatta, and Hadapsar, is estimated to have a revenue potential of ₹3,100 crore.
Shares of Godrej Properties ended 2.3% higher on Thursday at ₹2,341. The stock is down 5% in the last one month.
Also Read: Godrej Properties acquires land in Pune with ₹3,100 crore revenue potentialContinue Reading(Edited by : Hormaz Fatakia)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBengaluru real estateGodrej Propertiesindia real estate