Realty Giant Godrej Properties takes 10 Acres Land in Yelahanka - Targets Rs. 2,500 crore!

The real estate company Godrej Properties said that it has purchased almost 10 acres of land in Yelahanka, Bengaluru. According to current business expectations, the project might generate up to Rs. 2,500 crore in income.

For the December quarter, Godrej Properties reported a total net profit of Rs. 162.6 crore, up from Rs. 62.3 crore in the same period the previous year. The quarter's revenue was Rs. 968.9 crore, up from Rs. 330.4 crore in the same period last year.

For the quarter, EBITDA (earnings before interest, tax, depreciation, and amortization) was Rs. 27.6 crore. In the same quarter last year, the company reported an EBITDA loss of Rs. 41.5 crore. During the quarter, the company's EBITDA margin was 2.9%.

The business reported that in 2024, Godrej Properties achieved its highest-ever bookings, collections, operating cash flow, earnings, and deliveries in a single calendar year. The real estate company reported that it had raised Rs. 6,000 crore in equity for growth capital during the quarter, which was the highest QIP ever by an Indian real estate company.

“The company has acquired 10 acres of land in Yelahanka, Bengaluru on March 21, 2025. This project is estimated to have a developable potential of 1.5 million square feet of saleable area, comprising primarily of premium residential development of various configurations and high street retail, with an estimated revenue potential of Rs. 2,500 crore (based on the current business assumptions)," according to a stock exchange filing.