Stock Report

Godrej Properties enters Coimbatore

Posted On : 2026-03-13 16:41:38( TIMEZONE : IST )

Godrej Properties Limited (GPL), one of India's leading real estate developers, today announced the acquisition of a ~ 44-acre land parcel in Coimbatore through an outright purchase. The company plans to develop a premium plotted residential project with a developable potential of ~ 1.1 million sq. ft. and an estimated revenue potential of ~ INR 450 crore*.

The proposed development will offer a well-planned residential layout featuring quality infrastructure, landscaped open spaces, and community amenities aligned with GPL's design and sustainability philosophy. The site is located in one of South Coimbatore's most sought-after residential micromarkets, in proximity to the Coimbatore Golf Club.

This acquisition marks GPL's entry into Coimbatore and reinforces its focused expansion into highpotential growth cities across India. The move strengthens GPL's presence in economically resilient urban centres, diversifies its regional booking mix, and accelerates the scale-up of its fast-growing plotted development portfolio.

Coimbatore is rapidly transforming into a diversified economy driven by manufacturing, IT/ITES, education, healthcare, and a strong SME base. The city's robust infrastructure, rising disposable incomes, and steady economic momentum continue to support sustained housing demand. Plotted developments have gained traction due to affordability, construction flexibility, and strong long-term appreciation potential.

Gaurav Pandey, MD & CEO, Godrej Properties, said, "Our entry into Coimbatore aligns with our strategy of expanding into high-potential cities across India for plotted development. Coimbatore's strong economic base and resilient end-user demand make it a compelling market. We look forward to developing a high-quality plotted community that strengthens our presence in South India."

* Based on current business assumptions.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1614.65 as compared to the previous close of Rs. 1650.15. The total number of shares traded during the day was 16583 in over 1881 trades.

The stock hit an intraday high of Rs. 1645.00 and intraday low of 1601.00. The net turnover during the day was Rs. 26874580.00.