Godrej Properties has increased its footprint in Indore by adding a 31 acre plot located at Indore Ujjain Road. Godrej Properties plans to develop a plotted residential project on the said land plot. The project will have a gross saleable area of 7 lakh square feet.
The company disclosed its acquisition in a regulatory filing on November 13. But it remained silent on the cost of acquisition and on whether it had bought the entire land or if there was a joint development arrangement with the owner of the land.
The future development will consist of various sized residential plots. Moreover, Godrej Properties plans to incorporate infrastructure facilities and recreation areas in the development as well.
This will become the company’s third plotted housing project in Indore. Its existing developments include Godrej Greenview Estate and Verdania Estate. Both projects have attracted strong customer interest and are now at advanced stages of completion.
Indore Ujjain Road has developed into a major residential zone in the city. This place has connectivity to Indore International Airport, Ujjain, and other commercial areas. Schools and hospitals also cater to this area. Further, proposed metro extension and development in the corporate and IT sectors may be considered for future demand of property.
According to Gaurav Pandey, Managing Director and CEO of Godrej Properties, Indore provides excellent prospects for developing real estate projects in the long run. In addition to this, he has emphasized that Godrej is planning to capitalize on its existing projects. As per him, the demand for organized and branded plotted communities keeps growing in fast-growing property markets.
The latest acquisition is an indication of the developer’s broader strategy of making land acquisitions in established and developing property markets. Godrej Properties has made efforts to grow their portfolio of residential and plotted development projects through acquisitions of land and joint ventures.
The company recorded the highest annual sales bookings among listed real estate developers in FY2025-26. For the current financial year, it has set a sales bookings target of ₹39,000 crore.
With this newest addition, Godrej Properties is looking forward to enhancing their plotted housing projects in Indore. This will enhance their existing housing projects and increase their presence on the Indore-Ujjain road.
