Real Estate Developer Expands with 14-Acre Residential Project in East Bengaluru, Eyes Rs 1,500 Crore Revenue
The stock has touched a 52-week high of Rs 3,381.75 and a 52-week low of Rs 1,926.15. While the 1-year return stands at -19.77 per cent, the 3-year return remains robust at 100.83 per cent.
Godrej Properties Limited, one of India's leading real estate developers, has unveiled a major expansion with the launch of a new premium residential project in East Bengaluru. The development will span across a 14-acre land parcel in Hoskote and is expected to offer approximately 1.5 million square feet of saleable area. The estimated revenue potential from this project is pegged at Rs 1,500 crore, reinforcing the company’s continued focus on high-growth corridors within India's booming real estate sector.
Strategically located near Whitefield and ITPL, two key employment hubs in Bengaluru, the new project is set to benefit from the rapidly evolving infrastructure and improving connectivity in the Hoskote micro market. Commenting on the development, Gaurav Pandey, MD and CEO of Godrej Properties, stated, "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."
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This move follows the successful response to the company’s earlier project, Godrej Woodscapes, and signifies its sustained commitment to expanding in Bengaluru’s eastern corridor. The company’s strategy is aligned with growing urban housing demand, especially in cities undergoing rapid infrastructure upgrades.
As of June 13, 2025, the stock of Godrej Properties Limited is trading at Rs 2,405.3 on the Indian stock market. The stock has touched a 52-week high of Rs 3,381.75 and a 52-week low of Rs 1,926.15. While the 1-year return stands at -19.77 per cent, the 3-year return remains robust at 100.83 per cent.
Godrej Properties, the real estate arm of the diversified Godrej Group, was established in 1990. The company follows an asset-light business model and has emerged as the largest real estate developer in India by the number of homes sold in FY23. GPL has delivered nearly 41 million square feet of real estate since FY18 and has 99 projects across India, encompassing a total developable area of around 215 million square feet.
Committed to sustainable growth, all of Godrej Properties’ projects are third-party certified green buildings. The company was recently named Developer of the Year at the GRI India Awards 2024. GPL’s focus areas include leveraging the Godrej Group’s extensive land holdings, increasing market share in top Indian cities, and delivering long-term value to shareholders.
The company has a market capitalization of Rs 72,444 crore and a Price-Earnings (PE) ratio of 48.05. Its major public shareholder, Godrej & Boyce Mfg Co Ltd, holds 3.54 per cent stake. The firm has consistently stayed active with new launches, and while there have been no recent announcements related to dividend, bonus, or rights issues, investor interest remains due to its strategic land acquisitions and execution record.
Disclaimer: The article is for informational purposes only and not investment advice.