Godrej Properties Surpasses FY26 Business Development Target with Strategic Nagpur Land Acquisition
Godrej Properties Limited (GPL) has made a significant move in the real estate market by acquiring a 75-acre land parcel in Nagpur. This strategic acquisition not only marks the company's third venture in Nagpur over the past four years but also propels Godrej Properties beyond its annual business development guidance of INR 20,000 crore for FY26.
The acquisition, with an estimated revenue potential of INR 755.00 crore, will primarily develop plotted residential units covering approximately 1.7 million square feet of saleable area. The project's location offers proximity to key infrastructure, including the Samruddhi Mahamarg, MIHAN SEZ, and Dr. Babasaheb Ambedkar International Airport.
The acquisition underscores Godrej Properties' commitment to expanding its presence in emerging growth corridors. Nagpur, with its improving infrastructure and rising residential demand, presents a promising opportunity for the company.
The development will primarily consist of plotted residential units, catering to the growing demand for quality housing in the region. The strategic location of the land parcel offers several advantages: - Proximity to the Samruddhi Mahamarg and MIHAN SEZ - Easy access to major corridors, including the Nagpur–Hyderabad Highway - Close to Dr. Babasaheb Ambedkar International Airport - Well-developed social and municipal ecosystem in the vicinity
Gaurav Pandey, MD & CEO of Godrej Properties, commented on the acquisition: 'Nagpur continues to strengthen its position as an important centre 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.'
Godrej Properties has maintained its position as India's largest developer by the value of residential sales in FY 2025, continuing its strong performance from FY 2024. The company is known for its commitment to sustainability and innovation in the real estate sector.
With this acquisition, Godrej Properties aims to develop a quality plotted township that creates long-term value for its residents. The project aligns with the company's evolving aspirations and its focus on sustainable development practices. As Godrej Properties continues to expand its footprint in emerging markets, this Nagpur acquisition represents a strategic move to capitalize on the growing real estate opportunities in tier-2 cities. The company's ability to surpass its annual business development guidance demonstrates its strong market position and effective growth strategy in the Indian real estate sector.
