Godrej Properties Indore 24-Acre Land Parcel for Premium Residential Plots
Godrej Properties Indore development on this land will focus on premium plotted residential units, offering an estimated saleable area of approximately 6.20 lakh square feet. The project is expected to generate a revenue potential of around ₹500 crore, as per current business assumptions, Godrej Properties informed the stock exchanges in a filing.
Real estate developer Godrej Properties Ltd. (GPL) on Friday, January 10, announced the acquisition of a 24-acre land parcel in Indore, Madhya Pradesh, for developing a premium residential project.
The development on this land will focus on premium plotted residential units, offering an estimated saleable area of approximately 6.20 lakh square feet.
The project is expected to generate a revenue potential of around ₹500 crore, as per current business assumptions, Godrej Properties informed the stock exchanges in a filing.
This acquisition marks the company’s second major land purchase in Indore, following its acquisition of a 46-acre plot on the Indore-Ujjain Road in July 2024.
Godrej Properties Indore With this move, the company aims to strengthen its presence in the rapidly growing real estate market of Indore.
Located near the Indore bypass road, the new site enjoys excellent connectivity to key areas such as Dewas and Palda. The location is well-supported by robust infrastructure, including major junctions like Chhatrapati Shivaji Square. The area is surrounded by renowned institutions, top hospitals like CHL Hospital, leisure destinations like Phoenix Inside Mall, and premium hotels such as Sheraton.Located near the Indore bypass road, the new site enjoys excellent connectivity to key areas such as Dewas and Palda. The location is well-supported by robust infrastructure, including major junctions like Chhatrapati Shivaji Square. The area is surrounded by renowned institutions, top hospitals like CHL Hospital, leisure destinations like Phoenix Inside Mall, and premium hotels such as Sheraton.
Godrej Properties Indore Additionally, its proximity to IT hubs such as Crystal IT Park and the Software Technology Parks of India makes it an attractive residential destination for professionals.
“Godrej Properties Indore We are happy to expand our presence in Indore further, strengthening our foothold in this vibrant city. With residential plotted developments gaining momentum, the Indore bypass road presents a promising opportunity for us to grow. This acquisition aligns with our strategy to enter high-growth cities through plotted developments,” said Gaurav Pandey, Managing Director and CEO of Godrej Properties.
Godrej Properties has achieved 51% of its FY25 booking guidance of ₹27,000 crore by the end of the first half of the fiscal year. Godrej Plots Indore As of the September quarter, the company’s booking value stood at ₹13,835 crore.
On December 2, the Mumbai-based realty fim announced that it successfully raised ₹6,000 crore through a Qualified Institutional Placement (QIP).
Godrej Properties gives Indore a second look
Godrej Properties Indore has acquired ~24-acres of land in Indore. The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of ~6.20 lakh square feet. After acquiring 46 acres in July’2024 on Indore-Ujjain Road, this will be GPL’s second acquisition in Indore thereby strengthening its presence in the city of Indore.
Located just off prime Indore bypass road, a rapidly growing real estate hub, the land is connected to key areas like Dewas and Palda with excellent infrastructure. The area boasts seamless connectivity via major junctions like Chhatrapati Shivaji Square and other major nodes of the city. It features renowned institutions, top hospitals like CHL Hospital, leisure attractions such as Phoenix Inside Mall, and hotels like Sheraton. Proximity to IT hubs like Crystal IT Park and Software Technology Parks of India enhances employment opportunities, making it an ideal residential destination.
Gaurav Pandey, MD & CEO, 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. We will aim to build a sustainable, thriving community that not only delivers long-term value to residents but also capitalizes on Indore’s tremendous growth potential.”
Godrej Properties Purchases a 24-acre land parcel in Indore for Rs. 500 crores
On January 10, Godrej Properties announced its acquisition of a 24-acre land parcel in Indore, marking a significant expansion in the city.
The planned development will feature premium plotted residential units, offering an estimated saleable area of approximately 6.20 lakh square feet. This marks GPL’s second acquisition in Indore, following its acquisition of 46 acres in July 2024 on Indore-Ujjain Road, further solidifying its presence in the growing real estate market of Indore.
The company did not disclose the total cost of the new land acquisition but indicated that the project has a projected revenue potential of around Rs. 500 crores.
Located along the prime Indore bypass road, the land benefits from excellent connectivity to major city areas like Dewas and Palda.
The site is also conveniently accessible via key city junctions such as Chhatrapati Shivaji Square, and is in proximity to vital infrastructure including top hospitals like CHL Hospital, leisure destinations such as Phoenix Inside Mall, and luxury hotels like Sheraton.
Additionally, the area’s proximity to IT hubs like Crystal IT Park and the Software Technology Parks of India enhances employment opportunities, positioning it as an ideal residential area.
Gaurav Pandey, MD and CEO of Godrej Properties, stated, “We are excited to expand our footprint in Indore, leveraging the city’s growth potential. This acquisition aligns with our strategy of entering high-growth cities through plotted developments, and we aim to create a sustainable community that offers long-term value for residents.”
Godrej Properties Acquires 24-Acre Land in Indore; Eyes Rs 500 Crore Revenue from Housing Plots
Real estate company Godrej Properties Ltd on Friday said it has acquired 24-acre land in Indore to develop residential plots and expects around Rs 500 crore revenue from this upcoming project.
In a regulatory filing, Godrej Properties informed it has acquired about 24-acre of land in Indore.
The company did not divulge the total cost of the land parcel.
“The project will have an estimated revenue potential of around Rs 500 crore,” Godrej Properties said
The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of around 6.20 lakh square feet.
After acquiring 46-acre in July 2024 on Indore-Ujjain Road, this will be the company’s second acquisition in Indore.
Gaurav Pandey, MD & CEO, Godrej Properties, said the company has expanded its presence in Indore with this land acquisition.
“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,” Pandey said.
Godrej Properties Indore is one of the leading real estate developers in the country.
Godrej Properties Shares in Focus: Revealed Acquisition of ~24 Acres Land in Indore
The development on the newly acquired land primarily includes premium plotted residential units and an estimated saleable area of ~6.20 lakh sqft.
On Jan 10, 2025, Godrej Properties shares fell ~3% and touched the day low of 2427.15 at 12:30 PM, after opening at 2500.00. The fall in Godrej Properties shares came after the company announced that it had acquired ~24 acres of land in Indore.
Godrej Properties Cementing Position in Indore
Godrej Properties Limited (GPL) in the exchange filing stated the development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of ~6.20 lakh square feet. The acquisition of ~24 acres of land in Indore will be GPL’s second acquisition in Indore after acquiring 46 acres in July’2024 on Indore-Ujjain Road, which is bolstering its presence in Indore
Location of Newly Acquired Land
Situated just off the bustling Indore bypass road, a rapidly expanding real estate hotspot, the land offers excellent connectivity to key areas such as Dewas and Palda. The area is well-linked through major junctions, including Chhatrapati Shivaji Square and other prominent city nodes.
It is home to prestigious institutions, leading hospitals like CHL Hospital, popular leisure destinations such as Phoenix Inside Mall, and hotels like Sheraton. Its closeness to IT hubs like Crystal IT Park and Software Technology Parks of India further boosts employment prospects, making it an ideal location for residential development.
Godrej Properties Indore acquires land parcel in Indore for developing premium residential units
Godrej Properties (GPL) said that it has acquired a land parcel admeasuring approximately 24-acre in Indore, with an estimated saleable area of nearly 6.20 lakh square feet.
The development on the said land will primarily comprise premium plotted residential units. The project will have an estimated revenue potential of Rs 500 crore.
“Godrej Properties Indore After acquiring 46 acres in July’2024 on Indore-Ujjain Road, this will be GPL’s second acquisition in Indore thereby strengthening its presence in the city of Indore,” the company stated.
Gaurav Pandey, MD & CEO, Godrej Properties, said: “We are happy to expand our presence in Indore further strengthening our presence in this vibrant city.
Godrej Properties Indore 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 Indore is the real estate arm of the Godrej Group. It is a subsidiary of Godrej Industries, which holds 58.48% of the company’s equity shares as of 30 September 2024. The company currently operates in various cities and focuses on residential, commercial, and township development.
The company’s consolidated net profit soared to Rs 335.21 crore in Q2 FY25 as against Rs 66.80 crore posted in Q2 FY24. Revenue from operations zoomed to Rs 1,093.23 crore in the quarter ended 30 September 2024 as compared to Rs 343 crore reported in the corresponding quarter previous year.
Godrej Properties Indore Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Godrej Properties Ltd. acquired 24-acre land parcel in Indore, Madhya Pradesh for plotted developments with a premium residential project. The project would entail a Godrej Properties Indore saleable area of approximately 6.20 lakh square feet and will fetch revenue of about ₹500 crore based on present assumptions.
This is the second significant land acquisition for Godrej Properties in Indore after it bought a 46-acre plot on Indore-Ujjain Road in July 2024. The newly acquired site near Indore bypass road is well connected to major areas such as Dewas and Palda.
The area is backed by strong infrastructure with Chhatrapati Shivaji Square, institutions, top hospitals like CHL Hospital, and leisure hubs like Phoenix Inside Mall. Godrej Properties Indore Proximity to IT hubs like Crystal IT Park and Software Technology Parks of India enhances the site’s attractiveness for professionals looking for residential spaces.
Gaurav Pandey, MD and CEO of Godrej Properties, said: “This acquisition is a part of our strategy for plotted development-led growth in high-growth cities such as Indore.”.
Godrej Properties Indore has already reached 51% of FY25 booking target of ₹27,000 crore. The booking value of ₹13,835 crore was recorded by the firm at the end of the September quarter. Godrej Properties Indore The firm also raised ₹6,000 crore through QIP on December 2, 2024 to support the business’s expansion plans.
Godrej Properties Indore has acquired a 24-acre land parcel in Indore to develop premium residential plots, with an estimated revenue potential of Rs 500 crore.
This marks the company’s second major acquisition in the city, following the purchase of a 46-acre plot on the Indore-Ujjain Road in July 2024. The upcoming project will offer approx. 6.20 lakh sq. ft. of saleable area, primarily comprising premium plotted residential units. The company views this acquisition as a strategic move to leverage the growing demand for plotted developments in high-growth cities like Indore.
Godrej Properties Indore bypass road, where the land is located, offers significant opportunities for expansion in the residential sector. Godrej Properties Indore continues to expand its footprint through similar acquisitions. The project underscores the company’s focus on tapping into emerging markets with high revenue potential.
Godrej Properties Indore
has acquired 24 acres of land in Indore to develop residential plots, expecting Rs 500 crore in revenue. The project will offer premium plotted units with an estimated saleable area of 6.20 lakh sq ft. This is the company’s second acquisition in Indore.
New Delhi, Jan 10 (PTI) Real estate company Godrej Properties Ltd on Friday said it has acquired 24-acre land in Indore to develop residential plots and expects around Rs 500 crore revenue from this upcoming project.
Godrej Properties Indore a regulatory filing, Godrej Properties informed it has acquired about 24-acre of land in Indore.
The company did not divulge the total cost of the land parcel.
“The project will have an estimated revenue potential of around Rs 500 crore,” Godrej Properties said
The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of around 6.20 lakh square feet.
After acquiring 46-acre in July 2024 on Indore-Ujjain Road, this will be the company’s second acquisition in Indore.
Gaurav Pandey, MD & CEO, Godrej Properties, said the company has expanded its presence in Indore with this land acquisition.
“Godrej Properties Indore 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,” Pandey said.
Godrej Properties is one of the leading real estate developers in the country.
A 24-acre land piece in Indore with an estimated ₹500 crore in revenue potential is purchased by Godrej Properties
Godrej Properties Indore Premium planned residential units would make up the majority of the development on this area, according to Godrej Properties Ltd.