Godrej Properties Ltd (NSE: GODREJPROP | BSE: 533150) shares were trading around ₹1,599.10, up ₹14.90 (0.94%) on March 18, 2026. The stock opened at ₹1,585.00, touched a high of ₹1,608.00, and a low of ₹1,583.00 during the session. The company’s market capitalization is around ₹48,160 crore.
Godrej Properties on Wednesday announced that it has acquired a ~20-acre land parcel in East Bengaluru, near the fast-growing Whitefield area. The company plans to develop a premium residential project on this land.
According to the company’s official press release , the upcoming project has an estimated revenue potential of around ₹1,350 crore, based on current business assumptions.
The land is located close to NH-648 Main Road and falls within the Whitefield growth corridor, which is a major residential and commercial hub in Bengaluru. The area is well connected to key parts of the city, including the Whitefield–ITPL region, and also benefits from metro connectivity via Kadugodi and Hopefarm stations on the Purple Line.
The company said the location has seen strong demand due to its developed social infrastructure, including schools, hospitals, retail centers, and other lifestyle amenities. This has made it a preferred destination for both mid and premium housing buyers.
Commenting on the development, Gaurav Pandey, MD & CEO of Godrej Properties, said the company aims to build a well-designed residential community that offers convenience, quality living, and modern amenities to homebuyers.
Godrej Properties is one of India’s leading real estate developers and continues to expand its presence in key urban markets. The company has been focusing on high-demand locations with strong growth potential.
The stock showed a mild positive movement during the session following the announcement.
