Godrej Properties Acquires 75-Acre Nagpur Land Parcel
Real Estate

Godrej Properties Acquires 75-Acre Nagpur Land Parcel

Godrej Properties (GPL) has exceeded its FY26 business development guidance of Rs 200 billion with the acquisition of a 75-acre land parcel in Nagpur. The project has an estimated revenue potential of Rs 7.55 billion*.

This marks GPL’s third acquisition in Nagpur in four years, reinforcing its focus on emerging growth corridors. The planned development will primarily comprise plotted residential units, with an estimated saleable area of 1.7 million sq ft.

The land is strategically located near the Samruddhi Mahamarg and MIHAN SEZ, and offers connectivity to the Nagpur–Hyderabad Highway and Dr Babasaheb Ambedkar International Airport. The site also benefits from proximity to healthcare facilities, educational institutions, retail hubs, and entertainment centres.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Nagpur continues to strengthen its position as an important centre for infrastructure and industrial development, supported by improving connectivity and rising residential demand. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with our evolving aspirations.”

*On the basis of the current business assumptions


Godrej Properties (GPL) has exceeded its FY26 business development guidance of Rs 200 billion with the acquisition of a 75-acre land parcel in Nagpur. The project has an estimated revenue potential of Rs 7.55 billion*.This marks GPL’s third acquisition in Nagpur in four years, reinforcing its focus on emerging growth corridors. The planned development will primarily comprise plotted residential units, with an estimated saleable area of 1.7 million sq ft.The land is strategically located near the Samruddhi Mahamarg and MIHAN SEZ, and offers connectivity to the Nagpur–Hyderabad Highway and Dr Babasaheb Ambedkar International Airport. The site also benefits from proximity to healthcare facilities, educational institutions, retail hubs, and entertainment centres.Gaurav Pandey, MD & CEO, Godrej Properties, said, “Nagpur continues to strengthen its position as an important centre for infrastructure and industrial development, supported by improving connectivity and rising residential demand. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with our evolving aspirations.”*On the basis of the current business assumptions

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code