Godrej to develop luxury project with ₹1,000 cr revenue in Bengaluru's Yeshvantpura

Godrej Properties expects revenue of ₹1,000 crore from apartment sales.

Published on: Jan 2, 2024, 14:39:50 IST

By Yamini C S

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Karnataka capital Bengaluru is all set to get yet another luxury project, this time from Godrej Properties, in the sophisticated locality of Yeshvantpura. The realty giant announced in a filing on Tuesday that it has bought a land parcel measuring four acres in the area, where it will develop premium residential apartments.

The land is located in Yeshwanthpur abutting the National Highway - 75, one of the prime locations in Bengaluru. (@GodrejProp/Twitter)

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The company added that the project is estimated to generate a revenue of ₹1,000 crore from sales. The project site, located close to National Highway-75 in the luxury locality, has about 0.7 million square feet (sqft) of saleable area that can be developed, the firm said, according to news agency PTI.

The revenue potential of the project could also increase to ₹1,250 crore if the company manages to buy another acre of adjoining land, it said. "Yeshwanthpur is an important micro market for us, and we are happy to add this land parcel to our portfolio. This acquisition will further strengthen the company's presence in Bengaluru," Godrej Properties' MD & CEO, Gaurav Pandey said, as quoted by the agency.

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Godrej Properties, a unit of the broader Godgej Group, is a key developer in the country. It mainly focuses on four metropolitan cities, namely, Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru and Pune, for its projects.

North Bengaluru sees tremendous demand in housing, office space leasing and rentals, with several property developers flooding the region with apartment, villament and other luxury projects.

(With PTI inputs)

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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