Godrej Properties Limited has informed the Exchange regarding a press release dated March 13, 2026, titled "Press Release".
GODREJPROP · price
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Awaiting price reaction for this filing.
Godrej Properties Limited has acquired a ~44-acre land parcel in South Coimbatore through an outright purchase to develop a premium plotted residential project. The site, located near the Coimbatore Golf Club, has a developable potential of ~1.1 million sq. ft. and an estimated revenue potential of ~INR 450 crore based on current business assumptions. This acquisition marks the company's entry into Coimbatore and is part of its strategy to expand plotted developments into high-potential growth cities across India. The project will feature well-planned residential layouts, landscaped open spaces, and community amenities aligned with the company's sustainability philosophy. Coimbatore was chosen for its diversified economy driven by manufacturing, IT/ITES, education, healthcare, and a strong SME base, with sustained housing demand.
Positive for shareholders as the acquisition expands Godrej Properties' land bank, adds ~INR 450 crore in potential revenue, and signals continued geographic diversification into South India's growing urban markets. The plotted development format offers affordability and strong long-term appreciation, supporting future booking growth.