Godrej Acquires 50 Acres in Raipur for Residential Township

 

Mumbai-based real estate major Godrej Properties Ltd has announced its entry into Raipur with the acquisition of approximately 50 acres of land for a premium plotted residential development. The project is expected to offer a saleable area of around 9.5 lakh square feet, the company stated in a regulatory filing.

 

The newly acquired land is located near Old Dhamtari Road, a fast-emerging real estate hub in Raipur. The area boasts excellent connectivity to Central Raipur, Raipur Railway Station, and Swami Vivekananda Airport, making it an attractive location for residential development.

 

The site’s appeal is further enhanced by robust social infrastructure, including reputed educational institutions, healthcare facilities, and retail establishments. The upcoming Raipur Hyderabad and Raipur Visakhapatnam expressways, along with the project’s proximity to Atal Path (Raipur–Naya Raipur Expressway), are expected to further boost the location’s value.

 

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Gaurav Pandey, MD and CEO of Godrej Properties, expressed optimism about the project. “We are delighted to announce our entry into the dynamic city of Raipur. This acquisition aligns with our strategy of expanding into high-growth cities through plotted developments. Raipur’s infrastructure growth and rising demand for residential plots present a compelling opportunity”, he said.

 

He added that the company aims to develop a quality plotted township that delivers long-term value to residents and aligns with the region’s evolving aspirations.

 

JLL, the transaction advisor for the deal, declined to comment on the acquisition.