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The newly acquired land strategically located on Ajwa Road. The area offers seamless access to major commercial hubs and other significant nodes of the city and is situated close to renowned educational institutions and leisure attractions. Its proximity to Vadodara Airport and the city center further enhances its appeal as an ideal residential destination.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are happy to announce our entry into the vibrant city of Vadodara. Reinforcing our commitment to the state and confidence in the market potential, this acquisition aligns strategically with our focus on entering high-growth cities through plotted developments. With residential plotted developments gaining significant traction, Ajwa Road offers an excellent opportunity for expansion. Our goal is to create a sustainable and thriving community that delivers long-term value to residents while leveraging Vadodara's immense growth potential.”
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 declined 18.9% to Rs 381.99 crore, despite a 48.8% jump in net sales to Rs 2,121.73 crore in Q4 FY25 over Q4 FY24.
The counter declined 1.27% to settle at Rs 2,102.75 on the BSE.
The land is located in a strategic and highly potential area near the Satellite Town Ring Road (STRR). The development on this land will primarily comprise plotted units with a development potential of ~ 1.1 million square feet.
Doddaballapur is rapidly gaining prominence as a real estate hotspot in North Bengaluru, driven by good connectivity to Kempegowda International Airport, the development of STRR, significant industrial investments, and scenic attractions like Nandi Hills in the vicinity.
'This acquisition further solidifies GPL’s footprint in North Bengaluru,” the company stated.
The land is located in a strategic and highly potential area near the Satellite Town Ring Road (STRR). The development on this land will primarily comprise plotted units with a development potential of approximately 1.1 million square feet.
Gaurav Pandey, MD & CEO, Godrej Properties, said: 'We are pleased to announce the acquisition of this prime land parcel in Doddaballapur, a high-potential micro market in North Bengaluru.
This investment reinforces our focus on expanding our presence in key growth corridors through well planned residential communities.'
The scrip rose 0.50% to currently trade at Rs 2349.40 on the BSE.
Prestige Estates Projects Ltd rose 1.67% today to trade at Rs 1747.8. The BSE Realty index is up 0.57% to quote at 7725.31. The index is down 1.78 % over last one month. Among the other constituents of the index, Godrej Properties Ltd increased 1.32% and Phoenix Mills Ltd added 0.94% on the day. The BSE Realty index went down 12.18 % over last one year compared to the 2.52% surge in benchmark SENSEX.
Prestige Estates Projects Ltd has added 3.27% over last one month compared to 1.78% fall in BSE Realty index and 1.43% rise in the SENSEX. On the BSE, 2244 shares were traded in the counter so far compared with average daily volumes of 22058 shares in the past one month. The stock hit a record high of Rs 1971 on 17 Sep 2024. The stock hit a 52-week low of Rs 1048.3 on 07 Apr 2025.
The project is expected to offer an estimated saleable area of around 9.5 lakh square feet.
The newly acquired land parcel is strategically located near Old Dhamtari Road, one of Raipur’s fastest-growing real estate corridors. The location offers seamless connectivity to key city nodes such as Central Raipur, Raipur Railway Station, and Swami Vivekananda Airport.
The area is witnessing rapid development, supported by robust social infrastructure including reputed educational institutions, healthcare facilities, and retail hubs. Connectivity is further bolstered by major infrastructure projects like the Atal Path (Raipur–Naya Raipur Expressway) and upcoming expressways linking Raipur to Hyderabad and Visakhapatnam, enhancing the site's appeal for premium residential development.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are delighted to announce our entry into the dynamic city of Raipur. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. Raipur, with its growing demand for residential plotted developments and strong infrastructure growth, presents an exciting opportunity.
This acquisition also aligns strategically with our focus on entering high-growth cities through plotted developments. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with the region’s evolving aspirations.”