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Godrej Properties announced that it has surpassed its business development annual guidance of Rs 20,000 for FY 26 with the acquisition of a ~ 75-acre land parcel in Nagpur.
This is the third acquisition in the city over the past four years, underscoring its strong momentum and strategic focus on emerging growth corridors. The development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of ~ 1.7 million square feet.
The land parcel is strategically positioned near the Samruddhi Mahamarg and MIHAN SEZ, offering seamless connectivity to major corridors, including the Nagpur–Hyderabad Highway and Dr. Babasaheb Ambedkar International Airport. The location benefits from a well-developed social and municipal ecosystem, with access to quality healthcare facilities, educational institutions, retail hubs, and entertainment options, making it an attractive destination for future development.
This marks GPL’s third land acquisition in Nagpur in the last four years, reflecting the company’s continued focus on emerging high-growth corridors. The newly acquired land is slated for a plotted residential development with an estimated saleable area of around 1.7 million sq ft.
Strategically located near the Samruddhi Mahamarg and the MIHAN SEZ, the parcel offers strong connectivity to key transit routes including the Nagpur–Hyderabad Highway and Dr. Babasaheb Ambedkar International Airport. The surrounding area features robust social and municipal infrastructure, including healthcare centres, educational institutions, retail facilities and entertainment zones, enhancing its appeal as a promising residential destination.
The acquisition further strengthens GPL’s footprint in the region as it continues to accelerate expansion in high-potential markets.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “Nagpur continues to strengthen its position as an important centre for infrastructure and industrial development, supported by improving connectivity and rising residential demand. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with our evolving aspirations.”
Godrej Properties is a leading national real estate developer. It is a real estate arm of the Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development.
The company's consolidated net profit jumped 20.84% to Rs 405.08 crore, despite a 32.27% fall in net sales to Rs 470.38 crore in Q2 FY26 over Q2 FY25.
Shares of Godrej Properties shed 0.35% to close at Rs 2,122.75 on the BSE.
Godrej Properties (GPL) announced the acquisition of an additional ~ 3.8-acre land parcel in South Bengaluru, thereby unlocking Rs 2,400 crore of additional revenue and ~ 2 million sq. ft. of additional development potential.
With this acquisition, GPL envisions a large-scale, premium residential community with an estimated total revenue potential of ~ Rs 3,500 crore with ~ 3 million sq. ft. on the overall ~ 30 acres development. The enhanced potential is largely due to higher FSI permissibility across the entire land parcel, allowing the combined ~ 30 acres holding to be master planned as an integrated group housing development township.
Commenting on the acquisition, Gaurav Pandey, MD & CEO, Godrej Properties, said, “This expansion gives us the opportunity to create a landmark community that reflects our vision for sustainable, integrated living. The strong performance of our projects in this corridor highlights the depth of demand and the confidence customers place in our brand. We will aim to deliver a development that not only meets the aspirations of today's homebuyers but also sets new standards for design, wellness, and urban planning in Bengaluru.”
With the latest purchase, GPL plans to develop a large-scale premium residential community spread across a consolidated 30-acre land parcel. The overall development is projected to yield ₹3,500 crore in revenue with a total built-up potential of 3 million sq ft. According to the company, the enhanced scale is supported by higher FSI permissibility across the combined landholding, enabling a master-planned group housing township.
GPL said the expanded land bank provides an opportunity to build a holistically designed township, offering ample open spaces, modern lifestyle amenities, and a diversified residential mix focused on sustainability, wellness, and contemporary urban living.
The acquisition strengthens the company’s presence in the Sarjapur Road micro-market, one of Bengaluru’s most active residential corridors. The location offers strong connectivity to major employment hubs—including Outer Ring Road, Whitefield, Bellandur and Electronic City—and access to a mature social ecosystem comprising reputed schools, hospitals, retail avenues and office clusters. These attributes continue to make Sarjapur Road a preferred destination for homebuyers seeking well-connected, high-quality residential options.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “This expansion gives us the opportunity to create a landmark community that reflects our vision for sustainable, integrated living. The strong performance of our projects in this corridor highlights the depth of demand and the confidence customers place in our brand. We will aim to deliver a development that not only meets the aspirations of today’s homebuyers but also sets new standards for design, wellness, and urban planning in Bengaluru.”
Shares of Godrej Properties shed 0.96% to close at Rs 2130.30 on the BSE.