Mumbai, Jun 16 (PTI) Realty firm Godrej Properties Ltd has acquired 14-acre land in Bengaluru to develop a premium housing project with an estimated revenue of Rs 1,500 crore.

In a regulatory filing on Monday, the company informed it will develop a premium residential project on a strategically located 14-acre land parcel in Hoskote, East Bengaluru.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 16, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

"The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore," it added.

Godrej Properties said this acquisition further solidifies the company's continued expansion in East Bengaluru.

Also Read | Shillong Teer Results Today, June 16 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

The company did not share the land acquisition cost.

Gaurav Pandey, MD and CEO, Godrej Properties, said, “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."

Earlier this month, Godrej Properties acquired 14-acre land in Pune for around Rs 800 crore to develop a housing project.

The company expects a revenue of Rs 4,200 crore from the Pune project, which has a developable potential of 3.7 million square feet.

Godrej Properties is one of the leading real estate developers in the country.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)