Connect with us


JLL India facilitates JV between Godrej Properties and Royale Builders in Bangalore


JLL India facilitates JV between Godrej Properties and Royale Builders in Bangalore

To develop 13-acre land parcel in Devanahalli, North Bangalore for housing project

Bangalore, September 29, 2017: JLL India the country’s largest real estate consultancy and professional services firm has structured a marquee transaction between Royale Builders & Developers, one of the largest land aggregators in Bangalore, and leading real estate developers Godrej Properties Ltd.

The two developers have joined forces to develop a 13-acre land parcel on Bellary Main Road (NH-7), close to Bangalore International Airport in North Bangalore. They plan to develop a modern residential project of approximately 1.34 million sq.ft. (125,000 sq.m.) with excellent connectivity to the city’s key commercial and industrial catchment areas of Devanahalli, Hebbal and Yashvantpur.

Ramesh Nair – CEO & Country Head, JLL India said, “North Bangalore is one of the fastest-growing corridors in the city. Excellent connectivity to the airport and ready-to-move-in office spaces are the key drivers of demand in this market, which will see the development of about 10 -15 million sq.ft. of office space over the next 5-7 years. This will bring with it an escalating demand for homes in this market. A development of this scale, backed by the stakeholders’ strong reputation, will be a boon to buyers on the lookout for an elevate lifestyle with best-in-class social and physical infrastructure.”


M. M. Bhatia, Chairman, Royale Builders & Developers said, “This collaboration is special to us considering the incredible Godrej brand, and comes close on the heels of our earlier partnership with Prestige Group. An expansive residential project of this nature will create tremendous value for end-users and investors, not least of all because the Bellary Road micro-market is one of the fastest-growing real estate precincts of Bangalore.”

c 2016-17.

Latest News

News8 hours ago

52% NRIs see Indian commercial properties emerging as a new asset class

The Indian real estate segment demonstrates an upward trajectory with the projection to exhibit a growth rate of 9.2% CAGR...

Guest Column15 hours ago

Welspun Gp acquires Sintex BAPL

Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex.  Sintex’s auto business already has a...

New Launches15 hours ago

Naiknavare Developers launches Avasa, new vertical of structured plots; commences e-commerce platform designed for plotting

Pune, March 30, 2023: Naiknavare Developers, renowned for its well-thought-out community-centric residential and commercial projects in Pune, Mumbai, and Goa, today announced it...

News15 hours ago

Residential demand up 14.2%, supply grew 1.9% YoY: Magicbricks PropIndex Report, Jan-Mar’23

New Delhi/Noida, March 30, 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and...

News16 hours ago

Mahindra Life transacts with Alliance Gp for 9.24 acres at Mahindra World City, Chennai

New Delhi, March 29, 2023: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development business of the Mahindra...

New Launches2 days ago

TVS Emerald, HDFC Cap create Rs 1000 cr platform for plotted development projects

Chennai, Bangalore, March 29, 2023: Emerald Haven Realty Ltd (“TVS Emerald”), has signed a term sheet with HDFC Capital Affordable Real Estate Fund...