Godrej Properties Limited has informed the Exchange regarding a press release dated March 18, 2026, titled "Press Release".
GODREJPROP · price
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Godrej Properties has bought roughly 20 acres of land in East Bengaluru, near the Whitefield growth corridor, to build a premium residential project. The company estimates this project could generate around INR 1,350 crore in revenue, based on current business assumptions. The site is well-located near NH-648, close to the Whitefield-ITPL tech hub, and has metro access via Kadugodi and Hopefarm stations on the Purple Line. The area has mature social infrastructure including schools, hospitals, and retail, with steady demand for mid and premium housing. MD & CEO Gaurav Pandey said the project will focus on thoughtful design, amenities, and long-term liveability for homebuyers.
This acquisition adds a sizeable project to Godrej Properties' pipeline, supporting future revenue growth and strengthening its presence in the high-demand Bengaluru market. It is a positive operational update but not a financial event, so direct stock price impact is likely to be modest.