Godrej Properties continues land acquisition spree with Khalapur buy  

Godrej Properties Restricted (GPL) introduced in the present day the acquisition of a 90-acre land parcel in Khalapur, Maharashtra, simply three days after securing two plots in Higher Noida in an e-auction.

The Khalapur acquisition has a growth potential of 1.7 million sq. toes of residences. Final week it grew to become the very best bidder for 17.5 acres land parcels in Higher Noida for ₹842 crore .

The Higher Noida plots goal to capitalize on the rising Delhi-NCR market, benefiting from proximity to Delhi, Noida, and the upcoming Jewar airport. The Khalapur buy targets the Mumbai Metropolitan Area, positioned about 70 kilometres from town centre.

These rapid-fire acquisitions underscore GPL’s bold growth plans throughout various geographic areas.

Gaurav Pandey, MD & CEO of Godrej Properties, mentioned, “Residential plotted growth has gained important traction in recent times. Khalapur is a promising upcoming location. Therefore, following the wonderful response to our final growth, Godrej Hillview Property, we goal to increase our presence within the area. We’ll goal to construct an impressive residential neighborhood that creates long-term worth for its residents.”

Godrej Properties has set a scorching tempo in its enterprise growth actions via its acquisitions. In Q1 FY25, it reported its highest-ever reserving worth of ₹8,637 crores, a 283 per cent improve year-over-year. The corporate bought 8.99 million sq. ft. of space, representing a 299 per cent improve from the earlier 12 months. It additionally added two new tasks in Pune and Bengaluru with an estimated reserving worth of ₹3,000 crores.

The corporate’s latest success consists of two main launches: Godrej Woodscapes in Bengaluru and Godrej Jardinia in Noida, which achieved reserving values of ₹3,156 crores and ₹2,377 crores respectively.G