Godrej Properties Limited has informed the Exchange regarding a revised press release dated July 31, 2025, titled "Revised Press Release".
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Godrej Properties has corrected a typographical error in its earlier press release about entering Vadodara. The estimated saleable area of the acquired ~34-acre land on Ajwa Road is ~9 lakh square feet, not ~0.9 lakh square feet as originally stated — making the project 10 times larger than the initial figure. The development will comprise premium plotted residential units. This marks GPL's entry into Vadodara and its second land acquisition in Gujarat in the past year, following a ~3-acre purchase in Vastrapur, Ahmedabad in October 2024. The company was India's largest residential developer by sales value in FY2025.
The correction significantly increases the scale of the Vadodara project, suggesting a larger revenue opportunity than initially communicated. For shareholders, this reinforces GPL's expansion strategy in high-growth Tier-2 cities and its focus on plotted developments, though no financial guidance has been revised.