Shares of Godrej Properties Ltd are trading flat after touching a day’s high of Rs 2,357 on 18th July, following the company’s announcement of acquiring a 48-acre land parcel in Doddaballapur, North Bengaluru.

Located near the Satellite Town Ring Road (STRR), the site will be developed primarily into plotted units with a potential built-up area of around 1.1 million sq. ft.

Doddaballapur is emerging as a key area due to its strong connectivity to Bengaluru’s international airport.

Recent Acquisitions from Godrej Properties

Earlier this week, Godrej Properties also bought a 50-acre land parcel in Raipur. The site is located close to central Raipur, the railway station, the airport, and upcoming expressways. It will be developed into a premium plotted residential project with around 9.5 lakh sq. ft. of saleable area.

Last month, the company recorded over Rs 2,000 crore in sales during the launch of the first phase of Barca @ Godrej MSR City in Devanahalli, Bengaluru.

Also in June, it acquired 16 acres of land in Upper Kharadi, Pune. The project is near key IT hubs like Viman Nagar, Magarpatta, and Hadapsar and is expected to generate Rs 3,100 crore in revenue.

At 11:58 AM, the shares of Godrej Properties were trading 0.13% higher at Rs 2,340 on NSE.

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