Godrej Properties on Tuesday said it has purchased nearby 15-acre in Bengaluru to build up a housing project.
In a regulatory filing, the organization stated: “it has entered into an outright transaction to purchase a well-located land parcel in Sarjapur, Bengaluru”.
Godrej Properties, which is important for the business combination Godrej Group, didn’t reveal the deal value as well as the name of the seller.
Spread across about 15 acres, this project will offer around 1.6 million square feet of the potential saleable zone including private apartments of different configurations.
Pirojsha Godrej, Executive Chairman, Godrej Properties stated, “Bengaluru is a key market for us and this project addition fits well with our strategy of deepening our presence across the country’s leading real estate markets.”
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