In a significant move underscoring its bullish outlook on East Bengaluru, Godrej Properties Limited (GPL), a prominent real estate developer, has announced the acquisition of a strategically located 14-acre land parcel in Hoskote. The company plans to develop a premium residential community with a projected saleable area of 1.5 million square feet and estimated revenue potential of ₹1,500 crore.
The project is positioned to leverage the region’s evolving infrastructure and rising demand for high-quality urban housing, cementing GPL’s expansion in one of Bengaluru’s most promising growth corridors.
Strategic Location: Why Hoskote?
East Bengaluru, particularly Hoskote, has rapidly emerged as a desirable residential and investment destination. Several factors make it a compelling choice:
- Connectivity: Located just 5 km off NH-75, the project site offers seamless access to key nodes such as KR Puram, Budigere Cross, and Whitefield.
- Infrastructure Boom: The region is seeing significant upgrades in arterial roadways and proximity to industrial and logistics zones.
- Proximity to Employment Hubs: Easy access to ITPL, Whitefield tech parks, and the upcoming Aerospace Park enhances the area’s value proposition.
- Growth Potential: Hoskote is increasingly seen as a “future-ready” urban zone due to well-planned civic and social infrastructure improvements.
Project Highlights
summary table
| Feature | Details |
|---|---|
| Developer | Godrej Properties Limited (GPL) |
| Project Location | Hoskote, East Bengaluru |
| Land Area | 14 acres |
| Saleable Area | ~1.5 million sq. ft. |
| Estimated Revenue | ₹1,500 crore |
| Connectivity | Near NH-75, access to KR Puram, Whitefield |
| USP | Premium residential project in growth corridor |
| |
Vision and Leadership Perspective
Godrej Properties continues to focus on strategic expansions across key Indian metros, and this latest acquisition strengthens its presence in Bengaluru.
“Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities,” said Gaurav Pandey, MD & CEO, Godrej Properties.
He further added:
“We aim to build a high-quality development that creates long-term value for its residents.”
The announcement also noted that the acquisition builds upon the success of Godrej Woodscapes, the company’s earlier project in East Bengaluru.
Frequently Asked Questions (FAQs)
1. What is the size of the land parcel acquired by Godrej Properties?
Godrej Properties acquired a 14-acre land parcel in Hoskote, East Bengaluru.
2. What is the projected revenue from this development?
The premium residential project is expected to generate around ₹1,500 crore in revenue.
3. Why is East Bengaluru a focus area for real estate development?
East Bengaluru, especially Hoskote, offers robust connectivity, improving infrastructure, and proximity to tech and industrial hubs, making it attractive for residential investments.
4. What is the proposed built-up area for the project?
Approximately 1.5 million square feet of saleable area is planned.
5. How does this project fit into Godrej Properties’ broader strategy?
This project aligns with GPL’s strategic focus on high-potential micro markets and aims to replicate the success of previous developments like Godrej Woodscapes in East Bengaluru.