Realty firm Godrej Properties has acquired 75 acre land in Nagpur to develop a housing project with an estimated revenue of ₹755 crore.
The company will mainly sell housing plots in this upcoming project.
In a regulatory filing on Friday, the company informed that it has surpassed ₹20,000 crore annual target of new business development for this fiscal year after the latest purchase of 75 acres in Nagpur, Maharashtra.
31 October 2025
Get the latest issue of Outlook Business
In the real estate sector, the new business development means acquisition of land parcels, through outright purchases or tie-ups with land owners, to build projects in future.
Listed real estate developers generally disclose the estimated saleable area and revenue potential of land parcels they acquire.
Godrej Properties noted that this is the third land acquisition in the city over the past four years.
The upcoming project in Nagpur will have an estimated saleable area of around 1.7 million sq ft, with a revenue potential of about ₹755 crore.
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." On Thursday, Godrej Properties announced that it has acquired 30-acre land in South Bengaluru to develop a township with an estimated revenue of about ₹3,500 crore.
Godrej Properties is one of the leading real estate developers in the country.
The company sold properties, primarily housing, worth ₹29,444 crore in 2024-25.
Its pre-sales or sales bookings grew 13% to ₹15,587 crore in the first six months of this fiscal year from ₹13,835 crore in the year-ago period.
Godrej Properties is confident of achieving the sales bookings target of ₹32,500 crore for this fiscal year.
