Godrej Properties Launches 43-Acre Plotted Development in Panipat, Eyes Rs 1,250 Crore Revenue
Mumbai-based real estate developer Godrej Properties has entered Panipat, Haryana, with a 43-acre plotted development project, targeting a revenue of over Rs 1,250 crore. This marks the company's fourth residential plotted township in North India.
Godrej PropertiesPanipatReal EstatePlotted DevelopmentNorth IndiaReal Estate NewsJun 30, 2025
The 43-acre land parcel is strategically located in Sector 40 of Panipat. The project will encompass approximately 1.02 million square feet of plotted residential development, offering a variety of plot sizes and lifestyle amenities. The site's location, with easy access to the Delhi-Chandigarh national highway, makes it an attractive destination for homebuyers.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his enthusiasm about the new venture, stating, “We are pleased to announce our entry into Panipat. This project aligns well with our strategy of expanding into new markets for plotted development. Haryana has been a key market for us, and we are excited to develop a high-quality plotted township in Panipat that will create long-term value for its residents.”
Market observers have noted a growing trend of homebuyers favoring Tier-II cities like Panipat, Panchkula, Meerut, Karnal, Mysuru, Lucknow, Jaipur, and Nagpur. This shift is primarily driven by significant infrastructure improvements and more affordable housing options in these smaller urban centers. The increasing demand has also prompted Tier-I developers, such as Godrej Properties, M3M, and DLF, to launch projects in these cities, with some even venturing into the luxury segment.
Godrej Properties has been experiencing robust growth, with the company's booking value for the March 2025 quarter increasing by 7 percent to Rs 10,163 crore from the previous year. This marks the first time the company has pre-sold homes worth more than Rs 10,000 crore in a quarter. The National Capital Region (NCR) contributed the most in terms of booking value at Rs 10,500 crore, followed by the Mumbai metropolitan region at Rs 8,000 crore, and Bengaluru at around Rs 5,000 crore.
Godrej Properties' strategic move into Panipat is a testament to the company's commitment to expanding its footprint in key markets and meeting the growing demand for quality residential developments in Tier-II cities. With its focus on delivering high-quality, lifestyle-centric projects, Godrej Properties is well-positioned to capitalize on the burgeoning real estate market in Panipat and other Tier-II cities.
Frequently Asked Questions
What is the size of the land acquired by Godrej Properties in Panipat?
Godrej Properties has acquired 43 acres of land in Panipat, Haryana, for a plotted development project.
What is the expected revenue potential of the Panipat project?
The Panipat project is expected to generate a revenue potential of over Rs 1,250 crore.
Where is the 43-acre land parcel located in Panipat?
The 43-acre land parcel is located in Sector 40 of Panipat.
What are the key features of the Panipat project?
The project will encompass approximately 1.02 million square feet of plotted residential development, offering various plot sizes and lifestyle amenities.
Why are homebuyers increasingly favoring Tier-II cities like Panipat?
Homebuyers are increasingly favoring Tier-II cities like Panipat due to significant infrastructure improvements and more affordable housing options in these smaller urban centers.
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