Godrej Properties Ltd has made a significant entry into the Indore real estate market by acquiring a 46-acre land parcel for plotted residential development. This strategic move is expected to bring about substantial growth and development in the area, offering around 1.16 million square feet of saleable area.
Land Acquisition: Godrej Properties 46-Acre Land Acquisition in Indore land parcel located just off Indore-Ujjain Road, a major upcoming corridor of Indore.
Development Plan: The project will primarily comprise plotted residential units, offering an estimated saleable area of around 1.16 million square feet.
Location Advantages: The land is strategically located with excellent connectivity to key landmarks such as Indore International Airport, Indore Junction railway station, educational institutes, and medical infrastructure.
Infrastructure Growth: The proposed expansion of Metro lines, growth of corporate and IT sectors, and ongoing infrastructure development contribute to the growth of the residential real estate market in Indore.
Strategic Significance:
Gaurav Pandey, MD and CEO of Godrej Properties, expressed enthusiasm about the company's entry into Indore, highlighting the growing demand for residential plotted developments. "We are happy to announce our entry in Indore, Madhya Pradesh. Residential plotted development has gained significant traction in recent years, and the Indore-Ujjain Road is a promising micro-market to expand our presence in this space," said Pandey. He further emphasized that this aligns with Godrej Properties' growth strategy of entering fast-growing cities from a plotted development perspective. The company aims to build an outstanding sustainable community that delivers long-term value to its residents and taps into Indore's growth potential.
Market Presence:
Godrej Properties has established a strong presence in major markets such as Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. In the last financial year, the company emerged as the largest listed real estate firm in terms of sales bookings, selling properties worth over ₹22,000 crore.
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