NEW DELHI: Godrej Properties (GPL) has acquired 50 acres of land in Raipur, which will primarily feature plotted residential units with an estimated saleable area of 9.5 lakh sq ft.
Gaurav Pandey, MD & CEO of the company, stated, “This acquisition marks another significant step in our expansion journey as we aim to strengthen our presence in emerging real estate markets across India. It strategically aligns with our goal of entering high-growth cities through plotted developments.”
Recently, the company secured an additional 43 acres of land for a plotted development in Sector 40, Panipat, with the project expected to yield approximately 1.02 million sq ft of plotted residential development and a revenue potential exceeding ₹1,250 crore.
