Godrej Properties MD & CEO, Gaurav Pandey said, “We are happy to make our first entry into Indore in Madhya Pradesh. There has been a recent uptick in the demand for residential plotted development. The Indore-Ujjain Road provides us with a great opportunity to expand our presence in this space.”

On Wednesday, Godrej Properties announced that it had bought a 46-acre property in Indore. According to regulatory filings, the development of the land will mainly consist of plotted residential units with an estimated saleable area of about 1.16 million sq ft.

Godrej Property Buys 46 Acer Land

This land lies off Indore-Ujjain Road, which is being developed into a six-lane highway. The region is becoming an important residential and business hub within Indore city. It boasts excellent connectivity to major landmarks such as Indore International Airport, railway station (Indore Junction), educational institutions, and hospitals among others. The anticipated Metro line extension along with growth in corporate IT sectors coupled with various ongoing infrastructure projects have fueled expansion within the city’s real estate market especially for homes.

Gaurav Pandey went on to say: “We are thrilled at entering Madhya Pradesh’s capital city –Indore– as it has seen increased popularity when it comes to residential plotted development while also making strategic sense given its location along/in close proximity towards our proposed developments on/nearby indore-ujjain road which we believe will be able support sustainable communities providing long term value for residents leveraging upon broader economic opportunities created by rapid urbanization trends observed throughout Indian cities like ours”

Godrej Properties Financial Year

In May, Godrej Properties reported a net profit increase of 14 percent from Rs 412 crore recorded during Q4FY23 ending March this year up until now reaching total revenues worth INR 471 Crs alone! Total revenue increased by just one percentage point from INR 1,930 Crores during FY22 Q4 ended June last year where they were reported at INR 1,952 Crores respectively over the same period previous fiscal year’s ending quarter revenue figures released earlier today showed growth across all segments except rental income which dipped slightly due primarily reduced occupancy levels due COVID pandemic restrictions still being enforced statewide currently affecting many businesses including hotels restaurants etc.,

but overall performance remained strong enough to warrant optimism going forward into next quarter where hopefully things return back closer to normalcy allowing us to reap full benefits of investments made past few months seasonally adjusted basis yields positive results every month thereafter until further notice is required otherwise otherwise no significant changes should occur within industry unless something unexpected happens outside control either way best wishes everyone involved parties concerned alike always remember safety first!