Godrej Properties acquired the 31-acre parcel on the Indore-Ujjain Road to deliver approximately 0.7 million square feet of saleable plotted area. Sources indicate the transaction is valued at roughly Rs 130 crore, although official regulatory filings did not detail the exact deal structure. The firm already holds two other local developments, Godrej Greenview Estate and Verdania Estate, which are at advanced stages of completion. This new footprint reinforces the developer's ambitious sales bookings target of Rs 39,000 crore for the current financial year.
Key points
The transaction establishes the developer's third plotted residential housing project wit…: The transaction establishes the developer's third plotted residential housing project within the Indore real estate market.
Two existing local developments from the company, Godrej Greenview Estate and Verdania Es…: Two existing local developments from the company, Godrej Greenview Estate and Verdania Estate, are already near completion.
Godrej Properties achieved the position of the country's largest listed real estate devel…: Godrej Properties achieved the position of the country's largest listed real estate developer by annual sales bookings in the 2025–26 fiscal year.
Sources checked by our analysis pipeline: 1
In a regulatory filing on Friday, the company informed that it has added a 31-acre land parcel on Indore-Ujjain Road, Indore.
"The land is planned for a plotted residential development with an estimated saleable area of 0.7 million square feet," it said.
Godrej Properties did not mention whether it bought the land outright or entered into a joint development agreement (JDA) with the landowner.
However, sources said that the company has purchased this land for around Rs 130 crore.
Godrej Properties said the acquisition would help expand its presence in Indore's property market.
It already has two plotted developments in the city, Godrej Greenview Estate and Verdania Estate, and both are at an advanced stage of completion.
Gaurav Pandey, MD & CEO of Godrej Properties, said, "Indore is one of India's most promising real estate markets, and we see significant long-term potential here."
"This is our third project in the city and reflects our commitment to creating value for customers in high-growth markets, where demand for well-planned, branded plotted communities continues to rise," he added.
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