Godrej Properties Acquires 43 Acres in Panipat for New Township, Targets ₹1,250 Crore Revenue.

Godrej Properties Ltd has announced its entry into the Panipat real estate market, acquiring a 43-acre parcel of land in Sector 40, Haryana. The Mumbai-based developer plans a plotted residential development on the site, with a projected revenue potential exceeding ₹1,250 crore.

The company, in an announcement made on Monday, stated that this marks its fourth residential plotted township in North India. The project is envisioned to span approximately 1.02 million square feet of plotted residential development, offering a variety of plot sizes complemented by modern lifestyle amenities.

The newly acquired site boasts a strategic location, benefiting from direct access to a National Highway and close proximity to essential social infrastructure. This expansion aligns with Godrej Properties’ broader strategy of venturing into new markets specifically for plotted developments, with Haryana identified as a key focus area for the company's growth.