Godrej Properties has acquired a 31-acre land parcel on Indore-Ujjain Road for around ₹130 crore as part of its expansion strategy. The company plans to develop a plotted residential project with an estimated saleable area of 0.7 million square feet.
New Delhi, November 13 — Godrej Properties Ltd has acquired a 31-acre land parcel in Indore for around ₹130 crore to develop a plotted residential project, as the real estate company continues to expand its presence in high-growth housing markets.
In a regulatory filing, the company said the land parcel is located on Indore-Ujjain Road.
The proposed residential development will have an estimated saleable area of 0.7 million square feet.
Land deal valued at around ₹130 crore
Godrej Properties did not disclose in its regulatory filing whether the land was purchased outright or acquired through a Joint Development Agreement (JDA) with the landowner.
However, sources cited in the report said the company purchased the property for approximately ₹130 crore.
The acquisition is part of Godrej Properties’ strategy to increase its presence in Indore’s residential real estate market.
Third project in Indore
The new development will be the company’s third project in Indore.
Godrej Properties already has two plotted developments in the city — Godrej Greenview Estate and Verdania Estate.
Both existing projects are at an advanced stage of completion.
The latest acquisition indicates the developer sees continued demand for organised and branded plotted residential communities in the city.
Company sees long-term potential in Indore
Godrej Properties Managing Director and CEO Gaurav Pandey described Indore as one of India’s most promising real estate markets.
He said the latest project reflects the company’s commitment to creating value for customers in high-growth markets where demand for well-planned, branded plotted communities continues to increase.
The acquisition also expands the company’s development pipeline at a time when major developers are increasing their presence across emerging residential markets.
₹39,000 crore sales target
Godrej Properties is one of India’s leading listed real estate developers.
In terms of annual sales bookings, the company became the largest listed real estate developer during the 2025-26 financial year, according to the source.
For the current financial year, Godrej Properties has set an ambitious sales bookings target of ₹39,000 crore.
The latest 31-acre Indore acquisition will add another plotted development to its portfolio as the company looks to capture growing residential demand beyond India’s largest metropolitan markets.
