India, Oct. 15 -- Mumbai-based listed real estate developer Godrej Properties Ltd (GPL) has acquired a 26-acre prime land parcel near Sarjapur Road in South Bengaluru, with plans to develop a premium residential project expected to generate around Rs.1,100 crore in revenue potential, the company said in a regulatory filing.

The acquisition marks another strategic expansion for the Mumbai-headquartered developer in one of Bengaluru's fastest-growing residential corridors.

The newly acquired land is located close to major employment hubs, including Whitefield, Outer Ring Road, and Electronic City. According to the company, the Sarjapur Road micro-market has consistently demonstrated "strong market fundamentals and healthy absorption rates...