Godrej Properties has added a roughly 31-acre land parcel on Indore-Ujjain Road for a plotted residential project, the Mumbai-based developer said in a stock-exchange disclosure and press release on 13 November 2026.
The site is expected to offer about 0.7 million sq ft of saleable area. It will be Godrej's third project in Indore. The company did not disclose the price paid for the land, the deal structure or the project's expected revenue.
Godrej Properties' Indore plots: the new project
The development will offer residential plots of different sizes, along with internal infrastructure, recreational spaces and amenities. Plotted projects sell land parcels with roads and services in place, and buyers build their own homes.
The company said the location offers access to Indore International Airport, Ujjain, commercial centres, schools and hospitals. It cited the city's metro expansion, growth in corporate and IT jobs and wider infrastructure work as factors supporting housing demand.
"Indore is one of India's most promising real estate markets, and we see significant long-term potential here," said Gaurav Pandey, managing director and chief executive. He said the project would let the company build a planned community and extend its momentum in the city.
How Godrej built its Indore land bank
Godrej entered Indore in July 2024 with about 46 acres off the same Indore-Ujjain Road. In January 2025 it added about 24 acres near the Indore bypass, with an estimated revenue potential of around ₹500 crore.
Those sites became the plotted projects Godrej Greenview Estate and Verdania Estate, which the company says drew strong buyer interest and are well advanced. With the new parcel, its three Indore sites cover about 101 acres and roughly 2.48 million sq ft of saleable space.
The bigger picture for Godrej
The Indore deal follows other land additions this year, including a 23.2-acre site in Greater Noida won through an e-auction in June, for which the company estimated revenue potential above ₹7,000 crore.
Godrej reported customer collections of ₹5,318 crore in the September quarter, up 31% year on year, and plans launches worth over ₹32,000 crore in the second half of the financial year.
Godrej Properties shares closed at ₹1,880 on Thursday, 12 November, up 4.91% from ₹1,792, Business Today reported.
What it means for you
For Indore buyers, a third branded plotted project on the Ujjain Road corridor adds supply in a format popular with families who want to design their own homes. Buyers should check the MP RERA registration, the plot's approved layout, and the timeline for roads, water and power before booking.
For investors, plotted land in growing tier-2 cities can be easier to resell than apartments, but returns depend on how fast the surrounding area develops. Watch for the launch price when the project opens for sale.
Sources
- Business Today: Godrej Properties shares in focus as company adds 31-acre parcel in Indore — published 13 November 2026.
- EquityPandit: Godrej Properties Adds 31 Acres in Indore for Plotted Homes — published 13 November 2026.
Frequently asked questions
Where is Godrej Properties' new Indore project?
The roughly 31-acre site is on Indore-Ujjain Road and will be developed as a plotted residential project.
How big is the new Godrej plotted project in Indore?
It is expected to offer about 0.7 million sq ft of saleable area. The company has not disclosed the land cost or revenue potential.
What are Godrej Properties' other projects in Indore?
Godrej Greenview Estate and Verdania Estate, both plotted developments, which the company says are at an advanced stage of completion.