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Godrej Properties acquires 7-acres land near Indiranagar, Bengaluru

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Capital Market

Plans to develop premium residential project

Godrej Properties announced that it has acquired a land parcel that is strategically located in the immediate vicinity of Indiranagar and is close to the Old Airport Road and within the Outer Ring Road limits.

Spread across approximately 7-acres, the project is estimated to have a developable potential of approximately 0.6 million square feet of saleable area and will be developed as a premium residential project comprising apartments of various configurations.

In addition, the land is in close proximity to major office spaces in CBD-Bengaluru, commercial catchments of Old Airport Road, Outer Ring Road - Whitefield, and Sarjapur belt along with residential hubs such as Indiranagar, Marathahalli, and Domlur.

 

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First Published: Sep 28 2022 | 9:24 AM IST

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