Godrej Properties: The company acquired 10 acres of land for residential development

Mumbai-based real estate developer Godrej Properties Ltd informed after market close on Friday that the company has acquired 10 acres of land in Yelahanka, Bengaluru for residential development. The company said that the project is expected to generate revenue of Rs 2500 crore. The company said in a statement to the exchange, "The company has acquired 10 acres of land in Yelahanka, Bengaluru on March 21, 2025. The project has the potential to develop 1.5 million square feet of saleable area. It includes premium residential development and high street retail, with an estimated revenue potential of Rs 2,500 crore."

In December 2024, along with the quarterly results, the company had informed that Godrej Properties is on track to exceed its booking guidance of Rs 27,000 crore in FY25. The company has also achieved 71 per cent of its annual guidance for booking value for FY25. The booking value for the quarter stood at Rs 5,446 crore, a decline of 5 per cent year-on-year and an increase of 5 per cent quarter-on-quarter. Stock performance The company's stock closed 1.69 per cent higher at Rs 2,144.15 on Friday. The company's stock has seen a decline of 3.60 per cent in the last one year. The 52-week high of the stock is Rs 3,400. 

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