Godrej Properties Begins Developing a New Township on 75 Acres in Nagpur; Company Expected to Earn Around ₹755 Crore From the Project

Godrej Properties News Nagpur has purchased a new 75-acre land parcel in Nagpur, achieving its FY26 business development target of ₹20,000 crore ahead of time. The company expects to generate an estimated revenue of approximately ₹755 crore from this project. The development will include nearly 1.7 million sq ft of plotted residential space.

Key Highlights

• FY26 business development target of ₹20,000 crore achieved ahead of schedule

• Acquisition of 75 acres in Nagpur — the company’s third project in the city in 4 years

• Estimated revenue: ₹755 crore

• 1.7 million sq ft plotted residential township

• Strategic location near Samruddhi Mahamarg, MIHAN SEZ, the airport, and Nagpur–Hyderabad Highway

• Nagpur among India’s fastest-growing urban markets

• Strengthens Godrej’s expansion strategy in Tier-II cities

Full News — In Simple Language

Godrej Properties on Friday announced that it has acquired a 75-acre land parcel in Nagpur. With this acquisition, the company has already met its FY26 business development guidance of ₹20,000 crore much earlier than expected.

Godrej Properties in Nagpur

Godrej Properties in Nagpur News According to the company’s exchange filing, the project is projected to generate around ₹755 crore in revenue. The proposed development will be a plotted residential township, featuring approximately 1.7 million sq ft of saleable area.

📍 A Premium Location

The newly acquired land is located in one of Nagpur’s rapidly developing zones with excellent connectivity:

• Close to Samruddhi Mahamarg

• Well-connected to MIHAN SEZ

• Easy access to the Nagpur–Hyderabad Highway

• Near Dr. Babasaheb Ambedkar International Airport

The location also enjoys proximity to hospitals, schools, shopping centres, entertainment hubs, and all essential civic facilities.

🏗️ Nagpur: The New Real Estate Hotspot

According to Gaurav Pandey, MD & CEO of Godrej Properties, Nagpur is emerging quickly as an infrastructure and industrial hub. With rising connectivity, increasing housing demand, and large-scale development, the city is becoming a major growth centre.

He added that this acquisition marks an important step in Godrej’s strategy to expand into India’s high-potential emerging cities.

🌆 Growing Interest in Tier-II Cities

With limited land availability and high prices in metro cities, real estate companies are increasingly focusing on Tier-II cities. Locations like Nagpur offer:

• Greater land availability

• Fast-growing industrial ecosystem

• Demand for organised and affordable housing

• Large-scale potential for township development

The company aims to create long-term value by entering high-growth markets early.

Q. Is this Godrej’s first project in Nagpur?
No. This is the company’s third project in the city in four years.

Q. When will plot sales begin?
The project is expected to begin its launch process within the next 12–18 months.

Q. Is Nagpur becoming a major real estate growth destination?
Yes. Due to MIHAN, improved metro connectivity, new highways, and airport access, investment activity is rising significantly.