Godrej Properties' Bold Moves in Real Estate: Eyeing Rs 30,000 Crore Land Acquisitions

Godrej Properties is optimistic about the housing market and plans to acquire land parcels this fiscal with a potential revenue of Rs 30,000 crore. They aim to expand their business through outright land acquisitions and partnerships with landowners. Their sales bookings target for this fiscal is Rs 32,500 crore.

Godrej Properties remains optimistic about the housing demand, committing to acquire multiple land parcels with an estimated revenue potential of Rs 30,000 crore for this fiscal year, according to a top official.

They are aggressively pursuing both outright land acquisitions and partnerships with landowners to enhance their business footprint.

Recently, they acquired significant land in Nagpur and South Bengaluru, emphasizing their expansion strategy. Their sales bookings are already showing promise, and they are confident of achieving their targets.

(With inputs from agencies.)