The Godrej Regal Pavilion project has a developable potential of 4.14 million sq. ft. It is expected to generate revenues of nearly ₹3,600 crore, the company said.
The stated company was incorporated in November 2016 and is in the business of real estate development and similar activities.
The land is strategically located near HITEC City and will house premium residential apartments across varied configurations.
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Total income, however, dipped marginally to ₹1,620.34 crore from ₹1,699.48 crore in Q1 FY25.
The company's topline declined 41.2% YoY to ₹434.56 crore in Q1 FY26. This is largely due to the accounting nature of real estate revenues.
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.
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