Godrej Properties, part of the Godrej Properties group, said on Tuesday that it has purchased about 15 acres of land in Bangalore.
Godrej Properties did not disclose the deal value as well as the name of the seller in the regulatory filing.
Spread over an area of about 1 acre, the project has a potential marketable area of about 1.6 million square feet. It includes residential apartments of various structures.
Pirojsha Godrej, Executive Chairman, Godrej Properties, said, “Bangalore is an important market for us and these projects have been added to our strategy to further strengthen our presence in the country’s leading real estate markets.”