Godrej Properties Acquires 40-Acre Land in Panipat for Rs 600 Crore
Godrej Properties has expanded its footprint by acquiring a 40-acre licensed land parcel in Panipat for Rs 600 crore, with plans for plotted development across 3 million sq ft. This acquisition, the company's eleventh in FY25, reflects a growing trend of developers targeting Tier II cities due to affordable land and improved infrastructure.
Godrej PropertiesPanipatReal EstateTier Ii CitiesLand AcquisitionReal Estate MumbaiJun 28, 2025
The acquisition in Panipat is a strategic move for Godrej Properties, as it aims to capitalize on the growing demand for premium and luxury housing in Tier II cities. These cities have seen a surge in interest from developers, corporates, financial institutions, and investors due to the cheap availability of land and the development of connectivity infrastructure. The strong demand in these regions has led to an increased supply of high-end housing, not only from established developers but also from new entrants looking to tap into the potential of these growth centers.
CBRE, the transaction advisor for this deal, was not available for comment. Despite this, the acquisition underscores Godrej Properties' commitment to diversifying its portfolio and exploring new markets. The company has been actively participating in land auctions and strategic acquisitions to bolster its presence in key markets.
In October 2024, Godrej Properties emerged as the highest bidder for a luxury group housing plot on Golf Course Road in Gurugram, with a revenue potential of Rs 5,500 crore. The acquisition was made through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). This project, along with the recent acquisition in Panipat, highlights the company's focus on high-potential areas and its ability to secure prime land parcels.
In the previous fiscal year, FY24, Godrej Properties acquired two prime parcels measuring 5.15 acres and 2.76 acres in the Golf Course Road micro-market from HSVP through auction. These acquisitions have strengthened the company's position in the luxury housing segment and demonstrate its strategic approach to growth.
The real estate sector in India is witnessing a significant transformation, with Tier II cities emerging as key growth centers. The development of infrastructure, coupled with the availability of affordable land, has made these cities attractive for both developers and homebuyers. Godrej Properties' latest acquisition in Panipat is a testament to the company's foresight and its commitment to driving the next phase of India's growth story.
Frequently Asked Questions
Why did Godrej Properties acquire land in Panipat?
Godrej Properties acquired the 40-acre land in Panipat to capitalize on the growing demand for premium and luxury housing in Tier II cities. The acquisition is part of the company's strategy to expand its footprint and explore new markets with affordable land and improved infrastructure.
What is the potential developable area of the acquired land?
The 40-acre land acquired by Godrej Properties in Panipat has a potential developable area of 3 million sq ft, which the company plans to develop into plotted developments.
How many new projects has Godrej Properties acquired in FY25?
This acquisition marks the 11th new project for Godrej Properties in the fiscal year 2025, highlighting the company's active participation in land auctions and strategic acquisitions.
What other significant acquisitions has Godrej Properties made recently?
In October 2024, Godrej Properties emerged as the highest bidder for a luxury group housing plot on Golf Course Road in Gurugram, with a revenue potential of Rs 5,500 crore. The company also acquired two prime parcels in the Golf Course Road micro-market in FY24.
Why are Tier II cities becoming attractive for real estate developers?
Tier II cities are becoming attractive for real estate developers due to the cheap availability of land, improved infrastructure, and strong demand for housing. These factors have led to an increased supply of premium and luxury housing from both established and new developers, making these cities key growth centers in India.
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