Godrej Properties Limited (GPL) has surpassed its FY26 business development guidance of INR 20,000 with the acquisition of a ~75-acre land parcel in Nagpur. This marks the company’s third acquisition in the city in four years. The development will primarily consist of plotted residential units and offer an estimated saleable area of ~1.7 million square feet. The project has a revenue potential of ~INR 755 crore.
Strategic Land Acquisition in Nagpur
Godrej Properties Limited (GPL) has acquired a ~75-acre land parcel in Nagpur, exceeding its business development annual guidance of INR 20,000 for FY26. This strategic move underscores GPL’s commitment to expanding its presence in key growth corridors.
Project Details and Potential
The Nagpur land parcel is earmarked for primarily plotted residential units, offering an estimated saleable area of ~1.7 million square feet. The project is estimated to generate a revenue potential of ~INR 755 crore.
Location Advantages
The acquired land is strategically located near the Samruddhi Mahamarg and MIHAN SEZ, ensuring seamless connectivity to vital transportation routes. Its proximity to the Nagpur-Hyderabad Highway and Dr. Babasaheb Ambedkar International Airport further enhances its appeal. The location also benefits from a well-established social and municipal ecosystem with access to healthcare, educational, and retail facilities.
Source: BSE
