Godrej Properties share price down despite Bengaluru land acquisition adding ₹2,400 crore in revenue potential

The stock is down 0.39% to ₹2,122.10 per unit on the National Stock Exchange (NSE) at 10:08 am.

In an exchange filing, the company said that the acquisition of additional 3.8 acre land parcel Sarjapur Road unlocks ₹2,400 crore of additional revenue and 2 million square feet of additional development potential.

"With this acquisition, GPL envisions a large-scale, premium residential community with an estimated total revenue potential of ~ INR 3,500 crore with ~ 3 million sq. ft. on the overall ~ 30 acres development," it said.

The enhanced potential is due to higher floor space index (FSI) permissibility across the entire land parcel.

The realty major said that this land parcel allows it to conceptualise a well-planned township with ample open space, sundry lifestyle amenities and a diverse residential offering.

Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, said, “This expansion gives us the opportunity to create a landmark community that reflects our vision for sustainable, integrated living. The strong performance of our projects in this corridor highlights the depth of demand and the confidence customers place in our brand."

"We will aim to deliver a development that not only meets the aspirations of today’s homebuyers but also sets new standards for design, wellness, and urban planning in Bengaluru," he added.

Godrej Properties Q2 results

The company had posted a 20.84% increase in its consolidated net profit to ₹405.08 crore in the September quarter of the current fiscal year, compared to ₹335.21 crore a year back.

However, revenue from operations fell 32.27% to ₹740.38 crore in the quarter under review as against ₹1,093.23 crore in the corresponding period of the previous fiscal year.

In Q2 FY26, its booking value stood at ₹8,505 crore, reflecting a 64% YoY and a 20% quarter-on-quarter (QoQ) surge, backed by the sale of 4,522 homes with a total area of 7.14 million square feet, according to its investor presentation.