Godrej Properties Limited has informed the Exchange regarding a press release dated July 16, 2025, titled "Press Release".
GODREJPROP · price
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Godrej Properties has acquired approximately 50 acres of land near Old Dhamtari Road in Raipur for a premium plotted residential development. The project will offer an estimated saleable area of around 9.5 lakh square feet. The location benefits from connectivity to Central Raipur, the railway station, Swami Vivekananda Airport, and upcoming expressways including Raipur–Hyderabad and Raipur–Visakhapatnam. This marks the company's formal entry into Raipur, aligning with its stated strategy of expanding into high-growth cities through plotted developments.
This land acquisition expands Godrej Properties' geographic footprint into a new emerging market and adds to its plotted development portfolio, which could support future revenue growth. Near-term stock impact may be modest as the deal size is not disclosed and plotted developments typically have longer monetisation cycles, though it signals continued business momentum for India's largest residential developer by sales value.