Godrej Properties Ltd (GPL), a leading real estate developer in India, has announced a significant expansion of its presence in North Bengaluru. The company has acquired a 48-acre land parcel in Doddaballapur, a rapidly growing micro-market in the region.

Strategic Acquisition

The newly acquired land is strategically located near the Satellite Town Ring Road (STRR), positioning it in a high-potential area of North Bengaluru. This move further solidifies Godrej Properties' foothold in the burgeoning real estate market of the city.

Project Details

According to the company's press release, the development on this land will primarily comprise plotted units. The project is expected to have a potential saleable area of approximately 1.1 million square feet, offering significant opportunities for residential development.

Doddaballapur: An Emerging Real Estate Hotspot

Doddaballapur is gaining prominence as a real estate destination in North Bengaluru, driven by several factors:

• Good connectivity to Kempegowda International Airport
• Ongoing development of the Satellite Town Ring Road
• Significant industrial investments in the area
• Proximity to scenic attractions like Nandi Hills

Management's Perspective

Gaurav Pandey, MD & CEO of Godrej Properties, expressed enthusiasm about the acquisition, stating, "We are pleased to announce the acquisition of this prime land parcel in Doddaballapur, a high-potential micro market in North Bengaluru. This investment reinforces our focus on expanding our presence in key growth corridors through well-planned residential communities."

Godrej Properties' Market Position

The land acquisition comes on the heels of Godrej Properties' strong performance in the real estate sector. The company retained its position as India's largest developer by the value of residential sales.

Commitment to Sustainability

Godrej Properties continues to emphasize sustainable development in its projects. The company has maintained its commitment, initiated in 2010, to ensure all its developments are third-party certified green buildings. This aligns with their long-standing focus on innovation, sustainability, and excellence in the real estate industry.

Expansion Strategy

This acquisition in Doddaballapur is part of Godrej Properties' aggressive expansion strategy in key real estate markets. It follows recent land purchases in Raipur and Pune, demonstrating the company's commitment to growth and diversification across India.

The acquisition of this land parcel in Doddaballapur marks another strategic move for Godrej Properties as it continues to strengthen its presence in key growth markets across India.

Godrej Properties Ltd. (GPL), a leading Indian real estate developer, has announced its strategic entry into the Raipur market, marking a significant expansion of its geographical presence. The Mumbai-based company has acquired approximately 50 acres of land for a premium plotted development project, further solidifying its position in the country's evolving real estate landscape.

Project Details

The newly acquired land, situated near Old Dhamtari Road, is set to be developed into a residential plotted project. Key highlights of the acquisition include:

• Estimated saleable area of approximately 9.5 lakh square feet
• Strategic location in a rapidly growing real estate hub
• Excellent connectivity to Central Raipur, Raipur Railway Station, and Swami Vivekananda Airport

Strategic Location and Infrastructure

The chosen site for Godrej Properties' Raipur debut benefits from several advantageous factors:

• Proximity to strong social infrastructure, including reputed educational institutions, healthcare facilities, and retail outlets
• Integration with the Atal Path (Raipur–Naya Raipur Expressway)
• Close to upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways

These infrastructure developments are expected to enhance the location's appeal for residential development, potentially boosting demand for the project.

Management's Perspective

Gaurav Pandey, MD & CEO of Godrej Properties, expressed enthusiasm about the company's entry into Raipur, stating, "This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. Raipur, with its growing demand for residential plotted developments and strong infrastructure growth, presents an exciting opportunity."

Pandey further emphasized the strategic alignment of this acquisition with the company's focus on entering high-growth cities through plotted developments.

Company Background

Godrej Properties, part of the Godrej Industries Group, brings a 128-year legacy of excellence and trust to the real estate industry. The company has maintained its position as India's largest developer by the value of residential sales, continuing its strong performance from the previous year.

Known for its commitment to sustainability, Godrej Properties has been ranked #1 globally amongst listed residential developers for its sustainability and governance practices by the Global Real Estate Sustainability Benchmark in 2020, 2021, and 2022.

As Godrej Properties ventures into Raipur, this move not only expands its geographical footprint but also reinforces its strategy of tapping into emerging real estate markets across India. The development of this premium plotted residential project is poised to create long-term value for residents while contributing to the urban landscape of Raipur.