Godrej Properties enters Indore

New Delhi, July 31, 2024: Godrej Properties Ltd. (GPL) on Wednesday announced that it has acquired ~46-acre land parcel in Indore. The development on this land will primarily comprise plotted residential units and will offer an estimated saleable area of ~1.16 million square feet.

The land is located off Indore-Ujjain Road.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are happy to announce our entry in Indore, Madhya Pradesh. Residential plotted development has gained significant traction in recent years and the Indore-Ujjain Road is a promising micro-market to expand our presence in this space. This aligns well with our ongoing growth strategy of entering fast-growing cities from a plotted development perspective. We will aim to build an outstanding sustainable community that delivers long-term value to its residents and taps into Indore’s growth potential.”