Godrej Properties Acquires 43 Acres in Panipat for Rs 1,250 Crore Residential Township
Godrej Properties, a leading real estate developer, has acquired 43 acres of land in Panipat, Haryana, to develop a residential township. The project is expected to generate revenue of over Rs 1,250 crore and marks the company’s fourth venture in North India.
Real EstateGodrej PropertiesPanipatResidential TownshipHaryanaReal EstateJun 30, 2025
Strategically located with proximity to the National Highway and well-developed social infrastructure, the township will offer various plot sizes along with modern lifestyle amenities. Gaurav Pandey, Managing Director and CEO of Godrej Properties, emphasized that the move aligns with the firm’s strategy to expand its presence in new markets for plotted development. He stated, “Haryana continues to be a key market for us, and this project in Panipat will contribute towards creating long-term value for residents.”
As of June 27, 2025, the stock price of Godrej Properties Limited stands at Rs 2,363.45, with a 52-week high of Rs 3,381.75 and a low of Rs 1,926.15. The stock has delivered a 3-year return of 99.57 per cent, although it has seen a 1-year decline of 26.32 per cent. The company's Price-Earnings (PE) ratio is 47.21. With a market capitalisation of Rs 71,189 crore, the major public shareholder, Godrej & Boyce Mfg Co Ltd, holds a 3.54 per cent stake. Promoters have increased holdings from 46.50 per cent to 46.67 per cent in the March 2025 quarter, and bought 5,08,942 shares.
Godrej Properties, the real estate arm of the Godrej Group, established in 1990, operates on an asset-light model with around 215 million square feet of developable area across India. The company has delivered nearly 41 million square feet of real estate since FY18 and maintains a strong presence in Mumbai, Pune, and Bengaluru. In FY23, it led the Indian market in residential sales by volume and value. The company has also undertaken recent land acquisitions in Hyderabad and Noida to fuel further growth.
With one of the lowest bank borrowing costs in the sector at 5.95 per cent per annum, the company is well-positioned for continued expansion. Declining inventory levels due to a demand-supply gap in Tier-1 cities and rising market share in NCR and Bengaluru further support its growth prospects.
Disclaimer: The article is for informational purposes only and not investment advice.
Frequently Asked Questions
What is the size of the land acquired by Godrej Properties in Panipat?
Godrej Properties has acquired a 43-acre land parcel in Sector 40, Panipat, Haryana.
What is the expected revenue from the new residential township in Panipat?
The project is expected to generate revenue of over Rs 1,250 crore.
Who is the CEO of Godrej Properties?
Gaurav Pandey is the Managing Director and CEO of Godrej Properties.
What is the current stock price of Godrej Properties Limited?
As of June 27, 2025, the stock price of Godrej Properties Limited stands at Rs 2,363.45.
What is the asset-light model operated by Godrej Properties?
Godrej Properties operates on an asset-light model, which involves developing and managing real estate projects without holding significant assets on its balance sheet.
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