Mega Deal: GOCL to Exit ‘Ecopolis’ Project for ₹815 Crore Share

GOCL Corporation Limited has approved the early monetization of its 38-acre Yelahanka land parcel, known as the ‘Ecopolis’ project, which is currently under a joint development agreement with Hinduja Realty Ventures Limited.

The project is in the process of being de-notified from its Special Economic Zone status to facilitate the transaction. As part of the monetization plan, the entire land along with developed buildings will be sold to a leading Indian industrial group for a total consideration of approximately ₹2,261 crore, structured in multiple tranches. GOCL’s share from the deal is estimated at around ₹815 crore.

Under the agreement, Hinduja Realty Ventures Limited has been responsible for developing and managing the project, including securing regulatory approvals, constructing infrastructure, and handling the denotification process. The associated costs will be borne by HRVL, with proceeds distributed between the two parties as per agreed terms.

The transaction is expected to be completed within six months, subject to mutually agreed extensions if required.

News by Rahul Yelligetti.