India, March 18 -- Mumbai-based listed real estate developer Godrej Properties has acquired a 20-acre land parcel near the Whitefield area of Bengaluru to develop a residential project with an estimated revenue potential of around Rs.1,350 crore, the company said in a regulatory filing on March 18.

The land parcel is located along the NH-648 corridor in East Bengaluru, a micro-market that has evolved into a residential hub due to its proximity to major IT clusters. The site is connected to the Whitefield-ITPL region and provides access to key arterial routes linking East and South Bengaluru, the company said.

The project also connects to metro stations like Kadugodi and Hope Farm on the Namma Metro Purple Line, in the eastern IT corrido...