Godrej Properties Acquires 24-Acre Land in Indore for INR 500 Cr Residential Project

Indore, January 11, 2025: Godrej Properties Ltd, a leading name in the Indian real estate sector, announced the acquisition of a 24-acre land parcel in Indore, strengthening its presence in the city. The company plans to develop premium residential plots on the site, targeting revenue of around INR 500 crore from the project.

Strategic Land Acquisition for Premium Development

In a regulatory filing, the company shared that the newly acquired land would primarily be used for plotted residential development, providing an estimated saleable area of approximately 6.20 lakh square feet. The acquisition marks a significant step in Godrej Properties’ strategy to tap into the growing demand for residential plots in high-growth cities.

Indore: A Key Market for Godrej Properties

This 24-acre acquisition follows a previous 46-acre land purchase on Indore-Ujjain Road in July 2024. With two major land deals in Indore, the company is actively positioning itself as a key player in the city’s real estate market.

Revenue Potential and Project Highlights

The upcoming residential project is expected to generate an estimated revenue of INR 500 crore. While the cost of the land parcel remains undisclosed, the company emphasizes its focus on creating premium plotted developments that cater to modern lifestyle needs.

Management’s Vision for Growth in Indore

Commenting on the development, Gaurav Pandey, MD & CEO of Godrej Properties, said, “With residential plotted developments gaining momentum, the Indore bypass road presents a promising opportunity for us to expand. This acquisition strategically aligns with our focus on entering high-growth cities through plotted developments.”

Godrej Properties: A Leading Name in Real Estate

Renowned for its quality and innovative projects, Godrej Properties continues to expand its footprint across major Indian cities. With this new project in Indore, the company reinforces its commitment to delivering world-class residential spaces tailored to evolving consumer preferences.

Highlights of the Project

• Location: 24-acre land parcel in Indore.
• Type of Development: Premium plotted residential units.
• Estimated Saleable Area: 6.20 lakh square feet.
• Revenue Potential: INR 500 crore.
• Previous Acquisition: 46-acre on Indore-Ujjain Road in July 2024.
• Strategic Focus: Strengthening presence in high-growth cities.
• CEO’s Statement: Focused on leveraging demand for plotted developments.

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