Godrej Properties Buys a Plot of Land in Indiranagar Extension, Bangalore

Godrej Properties,announced that it has bought a property lot that is ideally placed in the neighbourhood of Indiranagar, near to the Old Airport Road, and inside the confines of the Outer Ring Road.

The project is anticipated to have a developable potential of roughly 0.6 million square feet of saleable area and will be built as a luxury residential project consisting of apartments with a variety of layouts.

In addition, the site is adjacent to significant office spaces in the Central Business District of Bengaluru, commercial catchments of Old Airport Road, Outer Ring Road – Whitefield, and the Sarjapur belt, as well as residential centres such as Indiranagar, Marathahalli, and Domlur.

Mohit Malhotra, MD & CEO of Godrej Properties, stated, "The availability of land parcels and infrastructure development has transformed Bengaluru into a mature real estate market with an increased demand for luxury residential development. Indiranagar is a crucial micromarket for our company. This would further boost our footprint in Bengaluru and support our plan of expanding in important micromarkets throughout India's top cities."

The anticipated booking value potential for this real estate project in Indiranagar Extension is roughly INR 750 Crores.