Godrej Properties, which is part of a business aggregate to Godrej group, on Tuesday said it has bought about 15 acre land in Bengaluru to develop a housing project.
The Godrej company said that it has entered into an outright transaction to buy a well located place parcel in Sarjapur, Bengaluru.
Godrej Properties didn’t disclose the deal value as well as the name of the seller in the regulatory filing.
Spread across approximately 15 acres, in this project will offer around 1.6 million square feet of potential sale able area comprising of residential apartments of various configurations.
Pirojsha Godrej, Executive Chairman, Godrej Properties said, Bengaluru City is a key market for us and this project addition fits well with our strategy of deepening our presence across the country’s leading real estate markets.