Godrej Properties Ltd on Wednesday announced its entry into Raipur with the acquisition of a 50-acre land parcel near Old Dhamtari Road, one of the city’s emerging residential corridors.The planned development will be a premium plotted residential project with an estimated saleable area of approximately 9.5 lakh square feet.
Located with good connectivity to central Raipur, the railway station, and Swami Vivekananda Airport, the site is also strategically positioned near the upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways. The area benefits from strong social infrastructure and proximity to key highways, making it a suitable location for residential expansion.
“This acquisition marks another significant step in our expansion journey as we continue to strengthen our presence in key micro-markets across India,” said Gaurav Pandey, MD & CEO, Godrej Properties.The move aligns with the company’s strategy of targeting high-growth regions through plotted developments and capitalising on the growing demand for self-owned land parcels and gated communities.
Located with good connectivity to central Raipur, the railway station, and Swami Vivekananda Airport, the site is also strategically positioned near the upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways. The area benefits from strong social infrastructure and proximity to key highways, making it a suitable location for residential expansion.
“This acquisition marks another significant step in our expansion journey as we continue to strengthen our presence in key micro-markets across India,” said Gaurav Pandey, MD & CEO, Godrej Properties.The move aligns with the company’s strategy of targeting high-growth regions through plotted developments and capitalising on the growing demand for self-owned land parcels and gated communities.
At close on Wednesday, shares of Godrej Properties gained 0.81% to close at ₹2,288 on NSE.
