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

Next Story
Infrastructure Transport

HG Infra Arm Gets Appointed Date for Rs 7.63 Bn NH-227B Project

HG Infra Engineering said its wholly owned subsidiary, HG Bahuvan Jagarnathpur Highway, has received the appointed date for a major National Highway project in Uttar Pradesh. The appointed date has been declared by the Superintending Engineer, National Highways Circle, Public Works Department (PWD), Lucknow.The project involves the improvement and upgradation of a two-lane highway with paved shoulders on the newly notified National Highway-227B. The stretch covers the Bahuvan Madar Majha to Jagarnathpur section under the “84 Kosi Parikrama Marg” in Uttar Pradesh, an important religious and..

Next Story
Infrastructure Transport

Kalpataru Projects Sells Vindhyachal Expressway to Actis for Rs 7.75 Bn

Kalpataru Projects International (KPIL) has completed the sale of its 100 per cent equity stake in Vindhyachal Expressway (VEPL) to global infrastructure investor Actis for an enterprise value of Rs 7.75 billion. The company said definitive agreements for the transaction were executed on October 9, 2024, subject to customary closing adjustments.VEPL is a special purpose vehicle established to develop and operate an 89.30-km four-lane highway connecting Rewa to Hanumana on the Madhya Pradesh–Uttar Pradesh border along National Highway-7. The project was awarded by the Madhya Pradesh Road Deve..

Next Story
Infrastructure Transport

Gadkari Flags Off Rs 44 Bn National Highway Projects in Vidisha

Union Road Transport and Highways Minister Nitin Gadkari inaugurated and laid the foundation stone for multiple National Highway projects worth around Rs 44 billion in Madhya Pradesh’s Vidisha parliamentary constituency, marking a major push to regional road infrastructure and connectivity.Union Minister Shivraj Singh Chouhan said the projects would significantly benefit the region by improving road links and supporting economic development. Speaking to reporters in Bhopal, Chouhan described the initiative as a major development boost for Vidisha and surrounding areas. “Nitin Gadkari is br..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App