Godrej Properties Secures 75-Acre Land in Nagpur, Exceeds FY26 Target
Godrej Properties, a leading real estate developer in India, has announced the acquisition of a 75-acre land parcel in Nagpur. This strategic move is expected to generate approximately Rs 755 crore in revenue. The acquisition marks a significant milestone as it helps the company surpass its FY26 annual business development guidance, which aimed for nearly Rs 20,000 crore for the year.
The real estate developer, in its exchange filing, stated that it has surpassed its business development annual guidance of Rs 20,000 crore for FY26 with the acquisition of the 75-acre land parcel in Nagpur. This is the company's third acquisition in the city over the past four years, solidifying its commitment to the region.
The development on the acquired land will primarily consist of plotted residential units and is expected to offer an estimated saleable area of around 1.7 million square feet. The 75-acre land parcel is strategically located near the Samruddhi Mahamarg and MIHAN SEZ, providing excellent connectivity to major corridors such as the Nagpur–Hyderabad Highway and Dr Babasaheb Ambedkar International Airport.
The location benefits from a well-developed social and municipal ecosystem, with access to quality healthcare facilities, educational institutions, retail hubs, and entertainment options. This makes it an attractive destination for future development. According to the exchange filing, these amenities will significantly enhance the appeal of the project to potential residents.
Speaking on the land acquisition, Gaurav Pandey, MD & CEO of Godrej Properties, said, “Nagpur continues to strengthen its position as an important center for infrastructure and industrial development, supported by improving connectivity and rising residential demand. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with our evolving aspirations.”
Godrej Properties has been at the forefront of real estate development in India, focusing on creating sustainable and high-quality residential projects. The company's commitment to strategic acquisitions and development in key cities like Nagpur demonstrates its dedication to meeting the growing demand for quality living spaces.
As of 1:50 pm, shares of Godrej Properties were trading at Rs 2,094.20 apiece, down by 1.34 per cent from the previous close of Rs 2,122.75. The stock has declined 24.50 per cent on a year-to-date basis (YTD). Despite the current market fluctuations, the company remains confident in its long-term growth prospects and the potential of its latest acquisition in Nagpur.
