Mumbai Godrej Properties, a unit of the Godrej Group, has purchased 15 acres of land in Bengaluru for the development of the residential project. In a communication sent to the stock markets on Tuesday, Godrej Properties said that it has struck a deal to buy 15 acres of land in Sarjapur, Bengaluru. However, Godrej Properties has not disclosed the value of the deal.
Pirojsha Godrej, Executive Chairman of Godrej Properties said that Bengaluru is a very important market for us. This is in line with the strategy to strengthen our presence in the major real estate markets of our country.
He said that about 16 lakh square feet of salable area will be developed under this project spread over 15 acres. It will have residential apartments of various sizes.