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Godrej Properties (GPL) has announced that it has entered into an agreement to develop a 33 acres land parcel in South Bengaluru. The agreement is for an outright purchase with ~5% area share to the landowners, according to the company’s press release.
Bannerghatta Road is one of the established residential locations in South Bengaluru and has excellent connectivity to the Bannerghatta main road and the IT/ITES belt. The site is in close proximity to several other key hubs of the city and offers an extremely well-developed social and civic infrastructure.
This will further expand its presence in South Bengaluru and is part of the company’s strategy to tap into key micro markets across India’s leading cities.