Godrej Properties has successfully secured three interconnected plots of land in the Mumbai Metropolitan Region (MMR), covering a total of 6.5 acres. This acquisition will enable the development of a large-scale housing project, with an anticipated revenue generation of around ₹3,500 crore.
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According to an official regulatory submission, Godrej Properties was announced as the top bidder for this project located in Sector 5-A, Kharghar, through an e-auction conducted by the City and Industrial Development Corporation of Maharashtra (CIDCO). With a total development area of approximately 2 million square feet, this project has significant potential to attract interest from both investors and homebuyers.
Though the financial details of the transaction remain undisclosed, the project represents a strategic addition to Godrej Properties’ portfolio. The Managing Director and CEO of the company, Gaurav Pandey, emphasized that this acquisition aligns with the firm’s broader objective of expanding its presence in prime real estate markets across India.
Godrej Properties continues its strong growth trajectory, fueled by robust demand in the housing sector. In the quarter spanning July to September, the company added six new land parcels to its development pipeline, with a projected value of ₹9,650 crore. As part of its expansion strategy, the company employs a mix of direct land acquisitions and joint ventures with landowners for the development of residential projects.
In total, the firm has added eight new properties in the first half of this fiscal year, with a saleable area of approximately 11 million square feet, and a projected booking value of over ₹12,650 crore. This activity represents 63% of the company’s annual land acquisition goals for the current fiscal year.
Godrej Properties remains one of India’s leading real estate developers, with a strong presence in major markets like Delhi-NCR, Pune, Bengaluru, and MMR. The company saw a 3% growth in sales bookings during the second quarter of the current fiscal year, reaching nearly ₹5,200 crore—its highest ever for the July-September period. Furthermore, its sales bookings for the first half of the fiscal year reached a record ₹13,800 crore, marking an 89% year-on-year increase.
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In the previous financial year, Godrej Properties set a new benchmark, with sales bookings soaring by 84%, achieving ₹22,527 crore. The company aims to reach ₹27,500 crore in sales bookings by the end of the current fiscal year.
