Godrej Properties Acquires 12 Land Parcels to Develop Rs 234 Billion Projects

18 Feb 2025 CW Team

Godrej Properties acquired 12 land parcels between April and December of this financial year to develop housing projects worth Rs 234 billion. The company plans to acquire more land in the ongoing quarter to expand its business amid strong consumer demand. Godrej Properties secures land both through outright purchases and partnerships with landowners under its new business development strategy. During the third quarter of this financial year, the company signed new projects with a total booking value potential of nearly Rs 110 billion. The overall business development surpassed £230 billion in the April-December period. In its latest investor presentation, Godrej Properties stated that it has added 12 projects with a total estimated saleable area of 169 lakh sq ft and a "total estimated booking value potential of Rs 234 billion" during the April-December period. When asked about future land acquisitions, Pirojsha said the pipeline remains strong, with ongoing discussions with landowners across multiple cities. He further noted that the company could reach the Rs 300 billion mark in new business development for the current financial year. Godrej Properties is among the country’s top real estate developers. In the group housing segment, it has a strong presence in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, and Bengaluru. The company has recently entered Hyderabad. For plotted developments, Godrej Properties is open to expanding into Tier-II cities.

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