Godrej Properties Crosses FY26 Annual Business Development Guidance with the acquisition of ~ 75-acre land parcel in Nagpur

Godrej Properties Limited (GPL) (BSE: GODREJPRP), one of India's leading real estate developers, today announced that it has surpassed its business development annual guidance of INR 20,000 for FY 26 with the acquisition of a ~ 75-acre land parcel in Nagpur.

This is the third acquisition in the city over the past four years, underscoring its strong momentum and strategic focus on emerging growth corridors. The development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of ~ 1.7 million square feet.

The land parcel is strategically positioned near the Samruddhi Mahamarg and MIHAN SEZ, offering seamless connectivity to major corridors, including the Nagpur-Hyderabad Highway and Dr. Babasaheb Ambedkar International Airport. The location benefits from a well-developed social and municipal ecosystem, with access to quality healthcare facilities, educational institutions, retail hubs, and entertainment options, making it an attractive destination for future development.

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.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 2089.45 as compared to the previous close of Rs. 2122.75. The total number of shares traded during the day was 28546 in over 3134 trades.

The stock hit an intraday high of Rs. 2138.25 and intraday low of 2080.00. The net turnover during the day was Rs. 59925942.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 Realty RealEstate BusinessDevelopment FY2026