Godrej Properties Acquires 50 acre Land in Raipur

Mumbai, 16 July 2025: Godrej Properties Limited (NSE: GODREJPROP, BSE: 533150) has officially announced its foray into Raipur, Chhattisgarh, with the strategic acquisition of a 50-acre land parcel. This newly acquired plot is designated for a premium plotted residential development, featuring an estimated saleable area of approximately 9.5 lakh square feet.

Following the announcement of its strategic land acquisition in Raipur, Godrej Properties saw a positive movement in its share price on 16 July 2025. The stock closed at ₹2,288.00, marking an increase of ₹18.30 or 0.81% from the previous close. Trading during the day ranged between a low of ₹2,260.00 and a high of ₹2,300.80. The stock opened at ₹2,275.00 and was trading at ₹2,273.20 around 12:20 PM IST.

Strategic Entry into Raipur to Tap Growing Real Estate Demand

The company’s decision to enter Raipur reflects a deliberate strategy to expand into emerging high-growth markets. Located near Old Dhamtari Road-one of Raipur’s fastest-developing real estate corridors-the project will benefit from the area’s rapid urbanisation and improving infrastructure. With increasing residential demand, this move positions Godrej Properties to capitalise on the city’s upward development trajectory.

Project Site Chosen for Its Connectivity and Infrastructure Advantage

The 50-acre parcel offers more than just land-it presents seamless connectivity to Central Raipur, Raipur Railway Station, and Swami Vivekananda Airport. Further enhancing its appeal are ongoing infrastructure enhancements such as the Atal Path (Raipur–Naya Raipur Expressway) and upcoming expressways to Hyderabad and Visakhapatnam. These developments are expected to significantly increase residential interest and investment in the region, making the project location highly strategic for long-term value creation.

Leadership Highlights Raipur as a Key Growth Opportunity

Gaurav Pandey, Managing Director & CEO of Godrej Properties, expressed enthusiasm about the company’s latest expansion:

“We are delighted to announce our entry into the dynamic city of Raipur. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India.”

He added that the move aligns with the company’s strategy of entering high-potential cities through plotted developments, a format that offers speed, scalability, and design flexibility-crucial elements for meeting evolving consumer needs.

Consistent Market Leadership Anchored in Innovation and Sustainability

A key player in India’s real estate sector, Godrej Properties is part of the 128-year-old Godrej Group. The company has maintained its leadership in residential sales value, holding the position of India’s largest developer in both FY2024 and FY2025. This strong track record underscores the firm’s consistent performance and market reputation.

Since 2010, every Godrej Properties project has been certified as a green building by third-party agencies, demonstrating the firm’s enduring commitment to sustainability. The company has also earned the distinction of being ranked #1 globally in sustainability among listed residential developers by the Global Real Estate Sustainability Benchmark for three consecutive years (2020–2022).

Recognition and Awards Reinforce Brand Leadership

With over 400 awards and recognitions to its name, Godrej Properties continues to set industry benchmarks. Some of the recent accolades include:

• Developer of the Year, GRI India Awards 2024
• Builder of the Year, CNBC-Awaaz Real Estate Awards 2019
• Porter Prize, 2019
• Most Trusted Real Estate Brand, Brand Trust Report 2019

The Raipur acquisition reinforces the company’s vision of sustainable and innovative urban development while responding to the evolving housing aspirations in India’s rising cities.

REF:https://nsearchives.nseindia.com/corporate/GODREJPROP_16072025154702_PressReleaseRaipur.pdf

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