Godrej Properties Ltd (GPL) announced on Wednesday that it has acquired a plot of land strategically located in the immediate vicinity of Indiranagar, near the Old Airport Road and within the boundaries of the Outer Ring Road.
The project is spread over an area of approximately 7 acres and is estimated to have a scalable potential of approximately 0.6 million square feet of salable area and will be developed as a luxury residential project comprising apartments in different configurations.
In addition, the land is in close proximity to the main office spaces of CBD-Bengaluru, the commercial catchments of Old Airport Road, Outer Ring Road – Whitefield, and the Sarjapur belt along with residential hubs such as Indiranagar, Marathahalli and Domlur.
At around 12:36 PM, Godrej Properties Ltd is currently trading at Rs 1,173.95 per share, up Rs 17.7 or 1.53% from the previous close of Rs 1,156.25 per share on the Bahrain Stock Exchange.
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