Godrej Properties Ltd. has acquired a land parcel that is strategically located in the immediate vicinity of Indiranagar. Spread across approx7-acres, the project is estimated to have a developable potential of approximately 0.6 mn sq ft of saleable area and will be developed as a premium residential project comprising apartments of various configurations.
In addition, the land is in close proximity to major office spaces in CBD-Bengaluru, commercial catchments of Old Airport Road, Outer Ring Road - Whitefield, and Sarjapur belt along with residential hubs such as Indiranagar, Marathahalli, and Domlur.
Mohit Malhotra, MD & CEO, Godrej Properties, said, “Availability of land parcels and infrastructure development has turned Bengaluru into a mature real estate market with increased demand for high-end residential development. Indiranagar is an important micro market for us and we are happy to add this land parcel to our portfolio. This will further strengthen our presence in Bengaluru and complement our strategy of deepening our presence in key micro markets across India's leading cities.”
