Mumbai: Godrej Properties Ltd, a prominent real estate player, has made a significant move by acquiring a sprawling 46-acre land parcel in Indore. The company’s strategic decision aims to tap into the city’s burgeoning residential market. Let’s know the details:
- Prime Location and Connectivity:
- The newly acquired land is strategically positioned just off the Indore-Ujjain Road, a major corridor slated for expansion into a 6-lane highway.
- This location is not only promising but also well-connected to key landmarks, including the Indore International Airport, Indore Junction railway station, educational institutions, and medical facilities.
- Residential Plots and Saleable Area:
- Godrej Properties plans to develop plotted residential units on this expansive land.
- The estimated saleable area is an impressive 1.16 million square feet, offering ample space for prospective homeowners.
- Indore’s Growth Potential:
- The proposed expansion of Metro lines, coupled with the city’s corporate and IT sector growth, has fueled demand in the residential real estate market.
- Indore’s upward trajectory makes it an attractive micro-market for Godrej Properties’ expansion strategy.
- Sustainable Community Building:
- Gaurav Pandey, MD and CEO of Godrej Properties expressed enthusiasm about the company’s entry into Indore.
- Their vision is to create an outstanding sustainable community that delivers long-term value to residents, leveraging the city’s growth potential.
- National Presence:
- Beyond Indore, Godrej Properties has a strong presence in other major markets, including Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru.
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