This acquisition marks another strategic expansion for GPL in Bengaluru’s thriving residential corridors, further consolidating its footprint in one of the city’s fastest-growing micro-markets.

Sarjapur Road: A High-Growth Corridor

Sarjapur Road has rapidly emerged as one of Bengaluru’s most vibrant real estate destinations. Its connectivity to major employment hubs—including Whitefield, Outer Ring Road, and Electronic City—makes it a preferred location for working professionals.

The area also offers excellent social infrastructure, with proximity to reputed schools, hospitals, retail centres, and leisure avenues, contributing to sustained homebuyer demand and robust absorption levels.

Strengthening a Proven Track Record

Godrej Properties already has a strong presence in South Bengaluru, with successful projects like Godrej Park Retreat and Godrej Lakeside Orchards. Both developments have recorded high customer uptake and steady sales momentum, reinforcing the Sarjapur corridor’s status as a high-demand residential micro-market.

Management Commentary

Gaurav Pandey, MD & CEO, Godrej Properties, said:

“As Bengaluru continues to consolidate its position as one of India’s most dynamic real estate markets, the Sarjapur Road corridor stands out as a key growth hub within the city’s evolving urban fabric. The strong performance of our recent projects in this micro-market reflects the depth of demand and the trust customers have in our brand. We remain committed to delivering thoughtfully designed, high-quality developments that enrich lives and create enduring value for all stakeholders.”

Why This Matters

• Expands Godrej Properties’ presence in Bengaluru’s premium residential market.
• Reinforces Sarjapur Road’s position as a real estate hotspot.
• Signals continued developer confidence despite broader market fluctuations.
• Highlights Bengaluru’s sustained growth as a key real estate investment destination.

Also Read: Godrej Properties enters Hyderabad

The post Godrej Properties Acquires 26-Acre Land Parcel Near Sarjapur Road, Bengaluru with ₹1,100 Cr Revenue Potential appeared first on Square Feat India.

The newly acquired land is ideally situated off Sarjapur Road, providing easy access to major IT hubs, educational institutions, healthcare facilities, and recreational centers. This prime location presents a significant opportunity for MANA Projects to develop a landmark residential project.

Sarjapur Road has become a sought-after destination for real estate development due to its rapid infrastructure improvements and excellent connectivity. The area’s growing popularity among homebuyers seeking a blend of suburban tranquility and urban amenities makes it a fitting choice for MANA Projects’ new venture. The company aims to create residential spaces that harmonize with the natural environment while offering modern conveniences.

Kishore Reddy, Chairman and Managing Director of MANA Projects, remarked, “Our acquisition of this 2.5-acre site in Chikkanayakanahalli reflects our dedication to Bengaluru’s evolving real estate landscape. We are witnessing increasing demand for sustainable living spaces in the Sarjapur Road area. Our vision is to develop a unique residential experience that not only fulfills homebuyers’ needs but also promotes environmental sustainability and community development. We plan to integrate cutting-edge green technologies and dedicate a significant portion of the project to open spaces. At MANA Projects, we are committed to crafting lifestyles that inspire and enhance quality of life.”

This latest acquisition positions MANA Projects to further expand its substantial portfolio in Bengaluru’s real estate market. The company, recognized for its diverse residential offerings ranging from ultra-luxury apartments to premium villas, has already made a significant impact in the Sarjapur Road area with successful projects such as Mana Jardin Neo, Mana Dale, and Mana Capitol.

Building on their experience with projects like Mana Foresta and Macasa Emerald, future residents of the Chikkanayakanahalli development can expect thoughtfully designed homes equipped with modern amenities. MANA Projects has consistently demonstrated a commitment to creating living spaces that blend urban convenience with environmental consciousness, as evidenced by completed projects like Mana Tropicale and Mana Uber Verdant.

While specific details of the new 2.5-acre project are yet to be announced, it is anticipated to reflect MANA’s reputation for high-quality construction, innovative design, and community-focused development. This new venture is expected to complement the company’s existing offerings in the Sarjapur Road area, further solidifying MANA Projects’ position as a leading developer in Bengaluru’s dynamic real estate sector.

Also Read: Bengaluru’s Home Sales Surge: 30% Jump in Value and 19% Rise in Transactions in June Quarter

The post MANA Projects Expands with Acquisition of 2.5-Acre Land Parcel Near Sarjapur Road appeared first on Square Feat India.

Bagaluru in Bengaluru tops the list with an astonishing 90% increase in average residential prices, climbing from INR 4,300 per square foot in 2019 to approximately INR 8,151 per square foot in the first half of 2024. This rapid price growth is attributed to a significant influx of new supply, with around 17,065 units introduced in the area during this period. Notably, over 94% of these new units were in the mid and premium segments, with no new affordable housing added.

Hyderabad’s Kokapet follows closely, with a 89% rise in property prices. The area saw its prices soar from INR 4,750 per square foot in 2019 to INR 9,000 per square foot in early 2024. Approximately 12,920 new units were launched, with more than half of the new supply falling into the ultra-luxury category.

Whitefield, another prominent locality in Bengaluru, recorded an 80% price appreciation, with average prices increasing from INR 4,765 per square foot to INR 8,600 per square foot. The area saw about 18,600 new units introduced, with the majority in the mid and premium categories.

The Dwarka Expressway in the National Capital Region (NCR) ranks fourth, with a 79% increase in average prices. The locality’s prices jumped from INR 5,359 per square foot in 2019 to over INR 9,600 per square foot in the first half of 2024.

Sarjapur Road in Bengaluru, and Bachupally and Tellapur in Hyderabad also feature prominently in the rankings, with price increases of 58%, 57%, and 53% respectively. Other notable mentions include Panvel in the Mumbai Metropolitan Region (MMR) and New Gurugram in NCR, which experienced price rises of 50% and 48%, respectively.

In terms of new housing supply, MMR’s Dombivli was the most active market, with approximately 44,990 new units launched over the past five years. Sarjapur Road in Bengaluru and Panvel in MMR followed, with 36,150 and 34,400 new units respectively.

Anuj Puri, Chairman of ANAROCK Group, commented on the trends, stating, “The acceleration in housing prices, particularly over the past two years, highlights a robust demand coupled with significant new supply. While the commonly held belief that high new supply limits price growth is not always true, our data shows substantial appreciation in many active residential micro-markets.”

Puri also noted that, despite high new supply in some areas, residential prices have continued to rise significantly. For example, Greater Noida West in NCR, with the fifth-highest supply in the region, saw a remarkable 129% increase in prices.

As the real estate market continues to evolve, these trends indicate a dynamic landscape where demand, supply, and pricing are closely intertwined. The data underscores the importance of monitoring micro-market activity for understanding broader market movements.

Also Read: Residential Sales in Top Seven Cities Projected to Grow in FY2025

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