The land parcel is located near NH-648 Main Road in the Whitefield growth corridor, a key residential and commercial hub driven by the presence of technology companies and strong employment opportunities.
Also read: Luxury homebuyers shift focus to lifestyle ownership over quick gains, says Isprava Managing DirectorGaurav Pandey, MD and CEO, Godrej Properties, said, “We will endeavour to create a development that brings together quality design, functionality, and an enhanced living experience for our customers.”
The company believes that the Bengaluru homebuyers prioritise “thoughtfully designed communities,” offering convenience, holistic amenities, and long-term liveability.”This land parcel allows us to plan a residential project that aligns with these expectations in a location that has shown steady and diverse
housing demand,” Pandey added.
Godrej Properties said the location offers connectivity to the Whitefield–ITPL region, along with access to metro stations at Kadugodi and Hopefarm on the Purple Line.
The company noted that the micro-market has seen sustained residential demand, supported by well-developed social infrastructure, including schools, healthcare facilities, retail and leisure hubs.
Earlier this month, Godrej acquired an 11.36-acre land parcel on the Golf Course Extension Road in Gurugram for residential development, with an estimated revenue potential of ₹4,500 crore.
Shares of Godrej Properties Ltd were trading 1,611.20 as of 11.09 am on Wednesday (March 18) following the announcement. The stock has lost 14.53% in the last month.
