Curation Team
NEW DELHI: Godrej Properties (GPL) has acquired 50 acres of land in Raipur. The development on this land will primarily comprise plotted residential units and will offer an estimated saleable area of 9.5 lakh sq ft.
Gaurav Pandey, MD & CEO of the company said, “This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. This acquisition also aligns strategically with our focus on entering high-growth cities through plotted developments.”
The company recently acquired 43 acres land for a plotted development in sector 40, Panipat. This project will contain approximately 1.02 million sq ft of plotted residential development and has a revenue potential in excess of ₹1,250 crore.
