Introduction
Godrej Properties has exciting plans for Bangalore. They are all set to develop a large township project in North Bengaluru covering an area of around 62 acres. The estimated booking value for this prestigious project is an impressive ₹5,000 crore.
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Real estate major Godrej Properties Ltd. announced on March 4 that it has signed agreements to develop a large township project in North Bengaluru on a large sharing model. It has inked deals, and the booking value for the project is estimated to be ₹5,000 crore.
Best Residential Community
Spread over 62 acres in the prime location of North Bengaluru, the project offers a salable area of 5.6 million square feet. It is noteworthy that it mainly consists of premium residential apartments of various configurations.
“We are delighted to be developing a large-scale project at a strategic location in Bangalore. We aim to build the best residential community,” said Gaurav Pandey, MD and CEO, Godrej Properties.
Unable to Start Development
The sale agreement of this 62-acre land was made in 2014. The company said it was unable to start development at that time. Over the past few months, development opportunities have crystallized on the ground. The company stated that the first phase of development on this property is expected to begin in FY25.
Connectivity
Kempegowda International Airport, an upcoming metro station, and an upcoming multi-residential and commercial development. This land parcel is strategically located in one of the most sought-after locations in Bangalore, offering excellent connectivity to the exclusive economic zone and social infrastructure.
The company said in a statement that it will provide connectivity to the 8-lane highway connecting the Central Business District and other key areas of Bangalore via Outer Ring Road – Hebbal.
Conclusion
The township promises to be a significant addition to Bangalore’s real estate landscape, offering residents modern living spaces and amenities. excellent connectivity. For more information, visit Openplot.
Also read: Godrej Properties Win Bid for Group Housing in Noida