Godrej Properties shares gain as new Bengaluru land deal unlocks ₹2,400 crore revenue potential

Mumbai-based Godrej Properties has expanded its footprint in South Bengaluru by acquiring an additional 3.8-acre land parcel, unlocking ₹2,400 crore in incremental revenue potential and 2 million sq. ft. of new development capacity.

With this purchase, the company now plans to build a large premium residential community across a consolidated 30-acre parcel, with an estimated total development potential of 3 million sq. ft. and projected revenue of ₹3,500 crore.

The jump in overall potential comes from higher FSI approvals across the combined holding, enabling the 30-acre tract to be master planned as an integrated group-housing township. The scale, Godrej said, allows it to design a well-amenitised, open, sustainable community with a mix of residential offerings.

The acquisition also deepens the company's presence in the fast-growing Sarjapur Road micro-market, a hub known for its connectivity to major employment centres such as Outer Ring Road, Whitefield, Bellandur and Electronic City. Strong social infrastructure, schools, hospitals, retail and workspaces, has made the area one of Bengaluru's most sought-after residential corridors, the company added.

"This expansion gives us the opportunity to create a landmark community that aligns with our vision for sustainable, integrated living. The strong performance of our projects in this corridor underscores the depth of demand and customer trust. We aim to deliver a development that meets the aspirations of today's homebuyers and sets new benchmarks for design, wellness and urban planning in Bengaluru," said Gaurav Pandey, MD and CEO of Godrej Properties.

Shares of Godrej Properties closed 1.18% lower at ₹2,125.50 on Wednesday and are down nearly 25% in 2025.