Godrej Properties announced that it has surpassed its business development guidance for FY26. The company exceeded its target of Rs 20,000 crore with the acquisition of a 75-acre land parcel in Nagpur.
This marks Godrej’s third acquisition in Nagpur over the past four years. In its regulatory filing, the company said the land would primarily be used for plotted residential units and will offer a saleable area of nearly 1.7 million square feet.
Godrej Properties’ 75-acre land buy in Nagpur
The land is located near the Samruddhi Mahamarg Expressway, which connects Nagpur to Mumbai, and is also in proximity to the MIHAN SEZ (Multi-Modal International Passenger and Hub Airport at Nagpur). Further, the land parcel will offer connectivity to corridors including the Nagpur–Hyderabad Highway and Dr. Babasaheb Ambedkar International Airport, the company said in its official statement.
“The location benefits from a well-developed social and municipal ecosystem, with access to quality healthcare facilities, educational institutions, retail hubs, and entertainment options, making it an attractive destination for future development,” the company said in its filing.
Commenting on this land acquisition project, Gaurav Pandey, MD & CEO, Godrej Properties, said, “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 eyes Rs 3,500 crore revenue in Bengaluru
On November 20 (Monday), Godrej Properties acquired an additional 3.8-acre land parcel in South Bengaluru that could potentially unlock around Rs 2,400 crore in revenue for the real estate developer and add nearly 2 million sq. ft. of development area to its portfolio.
Earlier in October, the company bought a 26-acre land parcel at Bengaluru’s Sarjapur to develop a housing project with an estimated revenue of Rs 1,100 crore. The overall project is expected to generate around Rs 3,500 crore in revenue and offer about 3 million sq. ft. of developable space.
Share price of Godrej Properties
Following the announcement, the company’s shares were marginally up by 0.24% at Rs 2,129 as soon as the markets opened. Over the past five trading sessions, the company’s stock has declined by nearly 4%.