Godrej Properties Ltd (GPL) has announced the acquisition of an approximately 20-acre land parcel near Whitefield in East Bengaluru, with an estimated revenue potential of ₹1,350 crore. The company plans to develop a premium residential project on the site.
The land is located along NH-648 Main Road within the Whitefield growth corridor, a technology and services employment hub. The site has access to the Whitefield–ITPL region and is served by metro stations at Kadugodi and Hopefarm on the Purple Line.
The acquisition comes as GPL continues its aggressive land-banking strategy across India’s major residential markets. Whitefield has seen sustained demand in the mid and premium housing segments, supported by established social infrastructure including schools, hospitals and retail.
Gaurav Pandey, MD & CEO of Godrej Properties, said the project would focus on design quality and liveability in a location with consistent housing demand.
GPL shares were trading at ₹1,639.90 on the NSE as of 2.49 pm, up ₹55.70 or 3.52 per cent from the previous close of ₹1,584.20, touching an intraday high of ₹1,666.
In FY25, Godrej Properties was ranked one of India’s largest residential developers by sales value.
Published on March 18, 2026