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 Urban

HMPL Wins NHAI Toll Contract and Completes Capital Infusion

Hazoor Multi Projects Limited (HMPL) has recently received a Letter of Award from the National Highways Authority of India to operate user fee collection at the Rampura Toll Plaza on NH 548B along the Vijayapur–Sankeshwar section in Karnataka. The Rs 138.7 million contract, secured through a competitive e-tendering process, also includes the upkeep of associated toilet blocks as part of its operational scope.HMPL has additionally completed a capital infusion exercise following the allotment of 10,00,000 equity shares of Re 1 each at an issue price of Rs 30 per share to investor Mr Kumar Agra..

Next Story
Infrastructure Transport

DC Reviews Semi Ring Road Phase-II, Seeks Faster Progress

The Deputy Commissioner of Bandipora, Indu Kanwal Chib, recently reviewed the progress of the Semi Ring Road Phase-II Project, which connects Sumbal to Manigam as part of the 4-lane Ring Road. NHAI briefed the district administration through a detailed presentation on site progress, deployed resources, and current challenges. Weather constraints have hindered earthwork and structure concreting, prompting the DC to direct the agency to accelerate execution, scale up manpower and machinery, and run parallel activities. She further instructed NHAI to report issues promptly, maintain close co..

Next Story
Infrastructure Transport

Eviction Begins for Bhubaneswar LPR Road; Protests Erupt

Authorities have recently launched a major eviction drive in Salia Sahi, Bhubaneswar’s largest slum, to clear land for the long-delayed Left Parallel Road (LPR) project intended to ease congestion on the Jayadev Vihar–Nandankanan corridor. A joint team from BMC, BDA and other departments, supported by police, demolished 65 houses and relocated around 80 families on the first day. The BMC has identified roughly 550 structures for removal along a 1-km stretch to enable construction of the 13-km LPR. Officials expect the operation to continue for several more days. While the civic body has p..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement