Godrej Properties Ltd News Today

Godrej plans to build plotted residential units on the land a segment that has seen rising demand in the Bengaluru market, especially in emerging peripheral zones.

The company informed the bourses and shareholders that this stake sale is a related party transaction and was duly carried at arm’s length price.

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The company plans to develop a residential plotted township on the site and expects to generate revenue of over ₹1,250 crore through plot sales.

The development includes expansive green spaces, sunlit terraces, and a 1.5 lakh sq. ft. clubhouse designed to accommodate wellness, leisure, work, and social activities under one roof.

The real estate firm plans to develop a premium housing project on the site. Based on internal estimates, the project could offer a build potential of roughly 1.5 million square feet.

The future Bandra-Versova Sea Link (BVSL) will increase connectivity with Bandra and South Mumbai, further increasing the real estate value of the locality.

The Yelahanka project will have approximately 1.5 million square feet of saleable area and will comprise primarily premium residential apartments and high-street retail.

The company bagged its first residential project in January 2024 with the launch of ‘Godrej Madison Avenue’ on Golden Mile Road, Kokapet, Hyderabad.

Recently, the real estate developer said that it has sold over 1,398 homes worth ₹1,000 Crore in its newly introduced residential project.