On January 10, 2025, Godrej Properties Ltd announced the acquisition of a 24-acre land parcel in Indore. This strategic move is aimed at developing residential plots and is expected to generate an estimated revenue of around ₹500 crore from the upcoming project. The company has not disclosed the total cost of this land acquisition Godrej Properties Purchase Land In Indore.
Project Details
The development on this newly acquired land will primarily consist of premium plotted residential units. It is projected to offer an estimated saleable area of approximately 6.20 lakh square feet. This acquisition marks Godrej Properties Indore ’ second investment in Indore, following their earlier purchase of 46 acres on the Indore-Ujjain Road in July 2024.
Location and Infrastructure
The land is strategically located just off the prime Indore bypass road, which is recognized as a rapidly growing real estate hub. This area boasts excellent connectivity to key locations such as Dewas and Palda, facilitated by major junctions like Chhatrapati Shivaji Square. The vicinity includes notable institutions, top hospitals like CHL Hospital, leisure attractions such as Phoenix Inside Mall, and hotels including Sheraton. Additionally, its proximity to IT hubs like Crystal IT Park and Software Technology Parks of India enhances employment opportunities, making it an attractive residential destination.
Company’s Vision
Gaurav Pandey, MD & CEO of Godrej Properties, expressed enthusiasm about expanding their presence in Indore. Godrej Plots Indore He highlighted that with the increasing demand for residential plotted developments, the Indore bypass road presents a promising opportunity for growth. The company’s strategy focuses on entering high-growth cities through such developments while aiming to create sustainable communities that provide long-term value for residents.
Godrej Properties’ acquisition reflects its commitment to enhancing its footprint in high-potential markets like Indore and capitalizing on the city’s growth trajectory.
