Godrej Properties Debuts in Raipur with 50-Acre Land Deal for Housing Project

Godrej Properties has announced its entry into Raipur with the acquisition of a 50-acre land parcel near Old Dhamtari Road. This area is one of the city’s growing residential hubs and offers excellent connectivity.

Premium Housing Development Planned

The company plans to launch a premium plotted residential project on this land, with a total saleable area of around 9.5 lakh square feet. The location provides easy access to central Raipur, the railway station, and Swami Vivekananda Airport. It is also close to upcoming expressways connecting Raipur with Hyderabad and Visakhapatnam.

Strategic Location and Growth Potential

Thanks to the area's strong infrastructure and connectivity to major highways, it is seen as a promising location for residential growth. The project aligns with Godrej Properties' broader strategy of focusing on high-growth cities and meeting rising demand for self-owned plots and gated communities.

“This acquisition marks another big step in expanding our presence across India’s key real estate markets,” said Gaurav Pandey, MD & CEO of Godrej Properties.

About Godrej Properties Limited

Godrej Properties Limited, headquartered in Mumbai, is a leading real estate company in India. Established in 1990 by Adi Godrej, it operates as a subsidiary of the Godrej Industries Group. The company is among the top three real estate developers in major cities like Delhi-NCR, Bengaluru, Mumbai, and Pune.

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Godrej Properties Share Price Movement

As of July 17, 2025, Godrej Properties share price (NSE: GODREJPROP) was trading at ₹2,327, up by ₹37.90 or 1.66%. The stock opened at ₹2,309 and touched a high of ₹2,327.30 and a low of ₹2,297.40 during the session. The company has a market capitalisation of ₹69,980 crore and a price-to-earnings (P/E) ratio of 47.47. It does not offer a dividend yield. Over the past 52 weeks, the stock has touched a high of ₹3,399 and a low of ₹1,900.

Conclusion

Godrej Properties’ move into Raipur is a strategic step to tap into emerging residential markets. With strong infrastructure and growing demand for plotted housing, the project is expected to attract buyers looking for premium living spaces.

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