Godrej Properties Expands Footprint in Indore with 24-Acre Land Acquisition

Godrej Properties Ltd has acquired a 24-acre land parcel in Indore for premium plotted residential development, with an estimated revenue potential of Rs 5 billion (500 crore). The project will offer approximately 620,000 square feet of saleable area. This strategic move marks Godrej Properties' second land acquisition in Indore, following a 46-acre purchase in July 2024. The company aims to capitalize on Indore's growing real estate market, driven by infrastructure development and the expanding IT sector. This acquisition aligns with Godrej Properties' strategy of expanding into high-growth urban markets.

Source: NSE Archives