Godrej Properties Ltd (GPL) recently acquired leasehold rights for an anticipated 11 Acres and 7 Acres land parcels in Pune and Bengaluru, respectively. The developer plans to construct residential projects over these lands with a total revenue potential of nearly INR 3,000 Crore.
The development in Pune, Hinjewadi, will primarily include group housing and high-street retail. The upcoming project is expected to have a developable potential of nearly 2.2 Million-SqFt with an estimated revenue potential of INR 1,800 Crore.
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Furthermore, Godrej acquired nearly 7 Acres of land in Thanisandra, North Bengaluru. This land will be used to develop a high-end residential project. The development potential of this project is approximately 9 Lakh-SqFt with a revenue potential of nearly INR 1,200 Crore.
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