Godrej Properties Ltd has entered the Panipat real estate market with the acquisition of 43 acres of land in Sector 40, Haryana, for a plotted residential development with revenue potential exceeding ₹1,250 crore.

The Mumbai-based developer announced the move on Monday, marking its fourth residential plotted township in North India. The project will span approximately 1.02 million square feet of plotted residential development, offering various plot sizes with lifestyle amenities.

The site benefits from strategic positioning with National Highway access and proximity to social infrastructure. This expansion aligns with Godrej Properties’ strategy of entering new markets for plotted developments, with Haryana representing a key focus area for the company.

“We are pleased to announce our entry into Panipat. The project fits well with our strategy of expanding into new markets for plotted development,” said Gaurav Pandey, MD & CEO of Godrej Properties. He emphasised that Haryana remains a crucial market for the company’s growth plans.

Godrej Properties maintained its position as one of India’s largest developers by residential sales value in FY 2025, repeating its FY 2024 performance. The company operates under the Godrej Industries Group’s 128-year legacy and has committed to developing only third-party certified green buildings since 2010.

In the early hours, the shares are trading at ₹2,347.70 down by ₹14.60 or 0.62 per cent on the NSE today.

Published on June 30, 2025