Godrej Properties, a key player in the real estate arm of the Godrej Industries Group, has
purchased a 46-acre land parcel in Indore for a planned residential plot development project.
According to the company’s statement, the project is expected to offer a saleable area of
approximately 1.16 million square feet. The land is situated off the Indore-Ujjain Road, a
developing corridor in Indore poised for expansion into a six-lane highway, becoming a
significant residential and commercial hub.
“Residential plot development has seen a surge in popularity in recent years, and the
Indore-Ujjain Road presents a promising market for us to increase our footprint in this sector.
This move aligns with our growth strategy of entering rapidly developing cities with a focus
on plotted developments,” said Gaurav Pandey, MD & CEO, Godrej Properties.
The location boasts connectivity to key landmarks including the Indore international airport,
Indore Junction railway station, educational institutions, and healthcare facilities. The
planned Metro line extensions, growth in corporate and IT sectors, and ongoing infrastructure
improvements are contributing to the rise of the residential real estate market in the area.
