Godrej Properties Expands to Panipat with 40-Acre Land Acquisition
Godrej Properties has acquired a 40-acre plot in Panipat, Haryana, for around ₹600 crore, signaling the company's strategic move into Tier II cities. The land will be used for a plotted housing development, with an expected area of 3 million sq ft.
Godrej PropertiesReal EstatePanipatTier Ii CitiesLand AcquisitionReal Estate NewsJun 28, 2025
The interest in Tier II cities like Panipat is driven by several factors, including lower land costs and improved infrastructure. Panipat, in particular, has seen significant enhancements in its road networks, highways, and public transport systems. This has made it an attractive location for both developers and residents who are looking for more affordable and less crowded alternatives to major metropolitan areas.
Real estate experts have noted that cities like Panipat are emerging as new growth centers, drawing not only developers but also corporates, financial institutions, and investors. As land prices continue to rise in major metros, smaller cities offer better long-term investment opportunities with high potential for development and demand.
Godrej Properties has been actively expanding its land bank in recent years. In October 2024, the company won a bid for a luxury group housing project in Gurugram, located on Golf Course Road, with a potential revenue of approximately ₹5,500 crore. The land was acquired through an e-auction from Haryana Shehri Vikas Pradhikaran (HSVP). This acquisition, along with two other land purchases in the Gurugram area during the previous financial year (FY24), underscores the company's commitment to investing in high-quality urban locations and growing Tier II cities.
The Panipat project is a strategic move that aligns with Godrej Properties' broader goal of participating in emerging markets with high demand for quality housing. As more people seek new apartments and houses outside the crowded metros, developers like Godrej Properties are well-positioned to meet this demand.
With the acquisition of the 40-acre plot in Panipat, Godrej Properties is set to announce a new plotted development project in the coming months. This project will cater to the growing need for premium and luxury housing in the area, further solidifying the company's presence in Tier II cities and contributing to the region's development.
Looking forward, we can expect to hear more details about the project and its development plans in the near future. Godrej Properties' strategic expansion into Panipat is a clear indication of the company's confidence in the growing real estate market of Tier II cities and its commitment to providing quality housing solutions.
Frequently Asked Questions
Why is Godrej Properties expanding into Tier II cities like Panipat?
Godrej Properties is expanding into Tier II cities like Panipat due to the lower land costs and improved infrastructure. These cities offer better long-term investment opportunities and high potential for development and demand.
What is the expected developable area of the new project in Panipat?
The expected developable area of the new project in Panipat is 3 million square feet.
How many land acquisitions has Godrej Properties made in FY25?
Godrej Properties has made 11 land acquisitions in the financial year 2024-25 (FY25).
What other significant projects has Godrej Properties undertaken in the past year?
In October 2024, Godrej Properties won a bid for a luxury group housing project in Gurugram, with a potential revenue of approximately ₹5,500 crore. The company also purchased two additional parcels of land in the Gurugram area during the previous financial year (FY24).
What factors are driving the growth of Tier II cities like Panipat in the real estate sector?
The growth of Tier II cities like Panipat in the real estate sector is driven by lower land costs, improved infrastructure, and a growing demand for premium and luxury housing. These cities are also becoming attractive to corporates, financial institutions, and investors.
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