Post by : Badri Ariffin

Godrej Properties has made a decisive move by acquiring a 75-acre land parcel in Nagpur, a step that pushes the company beyond its ₹20,000 crore FY26 business development target earlier than expected. The acquisition marks one of its most notable expansions in a rapidly developing market.

The newly acquired land is planned to be developed primarily into plotted residential units, with a projected saleable area of around 1.7 million sq ft. The company expects the project to generate future revenue of nearly ₹755 crore, adding strong momentum to its upcoming launches.

The location adds strategic weight to the deal. The parcel sits near key infrastructure corridors including Samruddhi Mahamarg, the Nagpur–Hyderabad Highway, MIHAN SEZ, and the city’s international airport. The area is already supported by hospitals, schools, and retail facilities, making it an appealing zone for homebuyers looking for well-connected residential options.

This marks Godrej’s third land acquisition in Nagpur in the last four years, signalling a long-term commitment to the city’s growth potential. The company has been steadily expanding its land bank across emerging markets, backed by strong cash flows and capital-raising activity that supports aggressive development plans.

With this deal, Godrej Properties is not only strengthening its pipeline but also reinforcing its strategy of tapping high-potential tier-2 markets where infrastructure expansion and demand growth are accelerating.

The move positions the company strongly for the coming years, demonstrating both confidence and clarity in its growth direction—without waiting for FY26 to arrive.

#Real Estate #Global Updates