Godrej Properties Buys 14 Land Parcels - Launching New Housing Projects

By FY 2024–2025, Godrej Properties acquired 14 pieces of land parcels in significant Indian cities to construct housing, hoping to earn revenues far greater than the forecast Rs. 20,000 crore.

Besides suggesting that they might surpass the same goal this year, Pirojsha Godrej said he hopes the company can maintain this trend going forward. Numerous major cities like Mumbai, Delhi-NCR, Pune, Bengaluru, Kolkata, Ahmedabad and Indore are part of this throughout land purchasing activity.

Having hoped to achieve almost Rs. 14,000 crore in value, IREO purchased five hundred acres of land in Delhi-NCR, out of which three are located in Gurugram and two in Greater Noida.

Key Highlights:

• Godrej Properties Acquires 14 Land Parcels Across Major Cities, Eyes Revenue Beyond Rs. 20,000 Crore in FY 2024-25
• Delhi-NCR to See Rs. 40,000 Crore Worth Projects as Godrej Properties Expands Aggressively
• Godrej Strengthens Pan-India Presence with New Developments in Mumbai, Pune, Bengaluru, Kolkata & Tier-II Cities

The company bought an additional asset in each of Pune, Ahmedabad and Kolkata and included two more in MMR, Bengaluru and Indore. It continues to rely on partnering with landowners and also purchasing property to help its company grow.

Also Read: Oberoi Realty to enter Delhi-NCR with luxury project

Besides building group apartments, Godrej Properties has also introduced planned buildings in tier-II cities. The business wants to strengthen its strong growth and bright future in Delhi-NCR by launching projects worth Rs. 40,000 crore in the next financial year.