Godrej Properties buys land in Bengaluru for high-end residential project

Quick Summary:

Gaurav Pandey, MD & CEO, Godrej Properties, said, the availability of land parcels and infrastructure development has turned Bengaluru into a mature real estate market with increased demand for residential development.

Realty firm Godrej Properties on Monday said it has acquired a 7-acre land in Bengaluru to develop a luxury housing project with an estimated revenue of Rs 1,200 crore.

In a regulatory filing, the company informed about the acquisition of around 7 acres of land in Thanisandra, North Bengaluru on an outright basis.

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Category: BusinessFinance

Markets: India

Topics: Godrej Godrej Group Land Real estate Bengaluru Godrej Properties

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 14:47:00 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21439427

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