Godrej Properties Limited has informed the Exchange regarding a press release dated Jun 30, 2025, titled "Press Release".
GODREJPROP · price
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Awaiting price reaction for this filing.
Godrej Properties has entered the Panipat market in Haryana by acquiring about 43 acres of land in Sector 40 for a plotted residential development. The project is expected to deliver roughly 1.02 million sq. ft. of plotted development and carries an estimated revenue potential of over INR 1,250 crore, based on current business assumptions. This marks the company's fourth residential plotted township in North India, reinforcing its strategy of expanding into newer markets for plotted developments. The site is well-connected via a National Highway and is close to existing social infrastructure, making it attractive for homebuyers. Management has called this a key step in growing its footprint in Haryana, a market it has been actively building.
Positive for growth — adds a new revenue stream and deepens the company's presence in a fast-growing North India micro-market, which could support future bookings and sales momentum.