Godrej Properties has already achieved its FY26 business development target of ₹20,000 crore by purchasing 75 acres of new land in Nagpur. The company is expected to earn potential earnings of approximately ₹755 crore from this new project. The project will include approximately 1.7 million sq ft of plotted residential development.
Key Highlights
Company already crosses FY26 target of ₹20,000 crore
Purchase of 75-acre land in Nagpur – third project in 4 years
Estimated Revenue: ₹755 crore
1.7 million sq ft plotted residential project
Location: Near Samruddhi Mahamarg, MIHAN SEZ, Airport and Nagpur–Hyderabad Highway
Nagpur included in fastest growing urban markets
Godrej strengthens expansion strategy in Tier-II cities
📰 Complete news – in simple language
Godrej Properties made a big announcement on Friday saying that they have purchased 75 acres of land in Nagpur. With this, the company completed the business development guidance of ₹ 20,000 crore set for FY26 ahead of time.
According to the company’s exchange filing, the land is expected to generate revenue of around ₹755 crore. It will primarily be a plotted residential township, with a salable area of approximately 1.7 million sq ft to be developed.
📍 Location is very premium
The new land is located in those areas of Nagpur which have seen rapid development in the last few years –
Near Samruddhi Mahamarg
Connection to MIHAN SEZ
Easy connectivity on Nagpur–Hyderabad Highway
Near Airport (Dr. Babasaheb Ambedkar International Airport)
Hospitals, schools, shopping, entertainment and all types of civic amenities are available nearby.
🏗️ New Hotspot of Nagpur Real Estate
Gaurav Pandey, MD and CEO of Godrej Properties, said that Nagpur is fast emerging as an infrastructure and industrial hub. Connectivity in the city has improved, residential demand is increasing and development is taking place on a large scale.
He said that this acquisition is an important step in Godrej’s expansion strategy in emerging cities of India.
🌆 Godrej’s increasing interest in Tier-II cities
Amidst the shortage of land and expensive rates in metro cities, companies are now moving towards Tier-II cities.
Cities like Nagpur—
more land available
fast growing industry
Demand for affordable and organized housing
Potential for large-scale township development
The company’s strategy is clear — to create long-term value by entering emerging markets first.
FAQ — common questions
Q. Is this Godrej’s first project in Nagpur?
No, this is the company’s third project in four years.
Q. Will selling of plots start soon?
It is estimated that the launch process may begin in the next 12–18 months.
Q. Is Nagpur being considered as the new growth center of Real Estate?
Yes, investment is increasing here due to MIHAN, Metro, Highway and Airport connectivity.