Godrej Properties buys 4-acre land parcel in Bengaluru

Godrej Properties has bought a 4-acre land parcel in Bengaluru on an outright foundation. The corporate is planning to develop a premium residential venture on the website with a income potential of ₹1,000 crore from 7 lakh sq. toes space. The acquisition of a further 1 acre land will enhance the estimated income from the venture to ₹1250 crore, it stated in an change submitting. The land is situated in Yeshwanthpur close to Nationwide Freeway 75, one of many prime areas in Bengaluru. The world affords well-developed business and social infrastructure and is in proximity to Goraguntepalya and Peenya metro stations offering entry to the Central Enterprise District and different components of Bengaluru. Additionally learn: 2023 and your private finance: How bl.portfolio stayed agile to ship our greatest to readers “Yeshwanthpur is a vital micro marketplace for us, and we’re joyful so as to add this land parcel to our portfolio,” Gaurav Pandey, MD & CEO, stated. “It will additional strengthen our presence in Bengaluru and complement our technique of deepening our presence in key micro markets throughout India’s main cities,” he added.