Godrej Properties Limited (GPL) has announced the acquisition of a 31-acre land parcel located on the Indore-Ujjain Road in Indore. The site is earmarked for a plotted residential development, projected to yield approximately 0.7 million square feet of saleable area. This strategic addition enhances GPL’s footprint in Indore, a market identified as one of India’s most promising for real estate growth.
Godrej Properties Expands Indore Presence
Godrej Properties Ltd. (GPL), a leading Indian real estate developer, has acquired a substantial 31-acre land parcel situated on the Indore-Ujjain Road, Indore. This acquisition is intended for the development of a new plotted residential project, which is anticipated to offer an estimated saleable area of around 0.7 million square feet.
Strategic Location and Market Potential
The newly acquired land is strategically located in a rapidly growing residential corridor with excellent connectivity to key city landmarks, including the Indore International Airport and commercial centers. The Indore-Ujjain Road area benefits from ongoing infrastructure development, including the expansion of the metro network and growth in the IT and corporate sectors. This has led to a steady increase in demand for well-planned, spacious plotted homes, a segment GPL aims to capitalize on with this new project. This marks GPL’s third project in the city, reinforcing its commitment to the Indore market.
Company’s Vision for the Project
Gaurav Pandey, MD & CEO of Godrej Properties, commented, “Indore is one of India’s most promising real estate markets, and we see significant long-term potential here. Located on Indore-Ujjain Road, the land gives us the opportunity to create a thoughtfully planned community and build on the momentum of our existing projects. This is our third project in the city and reflects our commitment to creating value for customers in high-growth markets, where demand for well-planned, branded plotted communities continues to rise.” The development is planned to feature residential plots of various sizes, complemented by robust infrastructure, recreational facilities, and premium amenities.
About Godrej Properties Limited
Godrej Properties Limited (GPL) is recognized as India’s largest residential developer by value and volume of homes sold. As part of the Godrej Industries Group, GPL upholds a legacy of trust and excellence, focusing on thoughtful design, sustainability, and community building. In 2025, the company was ranked #1 globally on the S&P Global Dow Jones Sustainability Indices and #1 globally among residential developers by GRESB for both 2025 and 2026.
Source: BSE
