India, July 18 -- Mumbai-based listed real estate developer Godrej Properties Ltd (GPL) has acquired a 48-acre land parcel in Doddaballapur, North Bengaluru, the company said in a regulatory statement. The project is expected to have a development potential of 1.1 million sq ft and will primarily consist of plotted development.

The land is located near the Satellite Town Ring Road (STRR), an upcoming infrastructure corridor that is expected to improve connectivity and spur real estate activity in North Bengaluru. With close proximity to Kempegowda International Airport, key industrial hubs, and the Nandi Hills, Doddaballapur is fast emerging as a real estate hotspot.

"This investment reinforces our focus on expanding our presence in key...