How is the location of Godrej IHP in Yelahanka?

Godrej Properties has recently acquired a 10-acre land parcel in Yelahanka, North Bengaluru from Indian Hume Pipe Co Ltd. This Godrej Projects in Yelahanka acquisition is intended for the development of a new housing project with an estimated revenue potential of approximately ₹2,500 crore. The project is projected to have a development potential of around 1.5 million square feet, primarily focusing on premium residential units and high-street retail spaces.

This new development by Godrej Properties in Yelahanka is distinct from their existing project in the area, Godrej IHP. Godrej Avenues, located on the Yelahanka-Doddaballapur Main Road, is spread over 5.3 acres and features 10 towers offering 1, 2, 2.5, and 3 BHK homes, with possession having commenced in May 2021. It includes amenities such as a sky lounge, kids’ play area, indoor badminton court, and swimming pool. The recent land acquisition signifies an expansion of Godrej Properties’ presence in the North Bengaluru real estate market, capitalizing on what Indian Hume Pipe’s Chairman and Managing Director, Rajas Doshi, described as a “favourable real estate market”. The transaction for the 10-acre parcel was finalized after a bidding process. Godrej Properties is a well-known listed real estate developer in India, recognized for its residential and commercial projects across various cities. The strategic location in Yelahanka, a rapidly developing area in Bengaluru, is likely to attract significant interest from homebuyers and investors.