Indian Hume Pipe Sells Bengaluru Land for ₹559 Crore to Godrej
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The Indian Hume Pipe Company Limited has successfully sold its land in Venkatala Village, Yelahanka, Bengaluru, Karnataka, for ₹559 crore to Godrej SSPDL Green Acres LLP. The sale deed was executed and registered on March 21, 2025.
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Key Details of the Transaction
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- The sale involves land only and does not pertain to any unit, division, subsidiary, or associate company of Indian Hume Pipe.
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Significance of the Deal
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This high-value transaction highlights the growing demand for prime real estate in Bengaluru, a city that continues to attract major developers and investors. The deal aligns with Indian Hume Pipe’s business strategy, ensuring optimized asset utilization while boosting liquidity.
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This sale is expected to contribute to Godrej SSPDL Green Acres LLP’s ongoing expansion in the Bengaluru real estate market, further strengthening its presence in the region.