Latest News Godrej Properties Acquires 24-acre Land in Indore; Eyes Rs 500 Cr Revenue from Housing Plots
Latest News Godrej Properties Ltd, a prominent real estate developer in India, has made a significant move by acquiring a 24-acre land parcel in Indore. This acquisition is aimed at developing residential plots and is expected to generate an estimated revenue of around Rs 500 crore from the upcoming project.
Latest News Godrej Properties
The company announced this development through a regulatory filing, Godrej Plots Indore although it did not disclose the total cost associated with the land purchase. The planned project will primarily consist of premium plotted residential units, offering an estimated saleable area of approximately 6.20 lakh square feet.
This recent acquisition marks Godrej Properties’ second investment in Indore, following their earlier purchase of 46 acres on the Indore-Ujjain Road in July 2024. Gaurav Pandey, the Managing Director and CEO of Godrej Properties, emphasized that this expansion aligns with the company’s strategy to enter high-growth cities through plotted developments. Latest News Godrej Properties He noted that there is a growing momentum for Godrej Plots Indore By Pass Road residential plotted developments in the region, particularly along the Indore bypass road, which presents promising opportunities for growth.
In summary, Godrej Properties is strategically positioning itself within the Indore real estate market by expanding its footprint and capitalizing on the increasing demand for residential plots.
