Godrej Properties Expands Presence in Indore
Godrej Properties Limited, a leading real estate developer in India, has announced the acquisition of a 24-acre land parcel in Indore. This strategic move strengthens the company's presence in the city, following its acquisition of 46 acres on Indore-Ujjain Road in July 2024.

The new development will cater to the increasing demand for premium plotted residential units. The project will encompass an estimated saleable area of 6.20 lakh square feet, with an anticipated revenue potential of ₹500 crore based on current market assumptions.

Strategic Location and Connectivity
The land parcel is situated off the prime Indore bypass road, a rapidly developing real estate hub. The location offers seamless connectivity to key areas such as Dewas and Palda, with excellent infrastructure facilities. The area is well-connected via major junctions like Chhatrapati Shivaji Square and boasts proximity to:

• Healthcare Facilities: CHL Hospital and other renowned institutions.
• Retail and Leisure: Phoenix Inside Mall and high-end hotels like Sheraton.
• Employment Opportunities: IT hubs such as Crystal IT Park and Software Technology Parks of India.

These factors make the location ideal for residential development, promising a thriving and sustainable community.

Residential Plotted Developments Gaining Momentum
Residential plotted developments are witnessing significant demand across India, particularly in high-growth cities like Indore. The Indore bypass road, with its burgeoning real estate prospects, offers a unique opportunity for Godrej Properties to tap into this market segment.

Comments from Leadership
Gaurav Pandey, MD & CEO of Godrej Properties, expressed enthusiasm about the acquisition, stating:
“We are happy to expand our presence in Indore further strengthening our presence in this vibrant city. With residential plotted developments gaining momentum, the Indore bypass road presents a promising opportunity for us to expand. This acquisition strategically aligns with our focus on entering high-growth cities through plotted developments. We will aim to build a sustainable, thriving community that not only delivers long-term value to residents but also capitalizes on Indore's tremendous growth potential.”

Commitment to Sustainability
Godrej Properties has consistently emphasized innovation, sustainability, and excellence. The company remains committed to developing third-party-certified green buildings and has been recognized globally for its sustainable practices.

Awards and Recognitions
Godrej Properties has received numerous accolades over the years, including:

• Developer of the Year at the GRI India Awards 2024.
• Recognition as the Most Trusted Real Estate Brand in the 2019 Brand Trust Report.
• Builder of the Year at the CNBC-Awaaz Real Estate Awards 2019.

Conclusion
This new project underscores Godrej Properties' strategy to expand its footprint in high-growth cities while delivering sustainable and innovative residential solutions. With its robust experience and a legacy of trust, the company aims to create a thriving community in Indore that meets the evolving needs of modern homebuyers.

For more information, visit https://financesaathi.com.

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