Godrej Properties Expands Presence in Bengaluru with 10-acre Land Acquisition
Godrej Properties Limited, a leading name in the real estate sector, has made a significant announcement regarding its expansion in Bengaluru. After the stock market closed on Friday, the company informed the stock exchange about its latest acquisition—a prime 10-acre land parcel in Yelahanka, Bengaluru. This new venture will be dedicated to premium residential development, further strengthening Godrej Properties' footprint in the city's real estate market.
Major Revenue Potential from the New Development
With this newly acquired land, Godrej Properties is set to generate substantial revenue. The company estimates that the residential project on this site will contribute approximately Rs 2,500 crore in revenue. This strategic move aligns with the company's vision of catering to the growing demand for high-quality housing in Bengaluru.
1.5 Million Square Feet of Premium Development
According to the details shared with the stock exchange, the upcoming development will span 1.5 million square feet of premium residential space along with high-street retail components. This entire area will be available for sale, positioning the project as a lucrative investment opportunity for homebuyers and investors alike.
Market Impact: Will Godrej Properties' Shares Rise?
Following this announcement, industry experts anticipate a strong response in the stock market when trading resumes on Monday. Investors are closely watching the performance of Godrej Properties' shares, which saw a 1.67% rise on the last trading session of Friday. Over the past week, the company's stock has delivered an 8% return, while in the last month, it has gained 7%, reflecting investor confidence in its growth strategy.
Godrej Properties Strengthens Focus on Bengaluru's Real Estate Market
Bengaluru remains a key market for Godrej Properties, with numerous completed and ongoing projects catering to mid-premium and luxury segments. The company has been strategically expanding its presence in the city, ensuring high-quality residential developments that meet the aspirations of modern homebuyers.
Surpassing FY25 Booking Guidance
In its Q3 FY25 results, Godrej Properties expressed confidence in surpassing its projected booking guidance of Rs 27,000 crore. With strategic acquisitions and premium residential launches, the company is on track to achieving remarkable growth in the current financial year.
The new Yelahanka project is expected to be a major milestone, reinforcing Godrej Properties' leadership in Bengaluru's dynamic real estate market. Investors and homebuyers are eagerly awaiting further updates on this promising development