Godrej Properties adds 31-acre land parcel in Indore

GODREJPROP Godrej Properties has added around 31-acre land parcel on Indore-Ujjain Road, Indore. The land is planned for a plotted residential development with an estimated saleable area of around 0.7 million square feet. The transaction strengthens the company’s presence in Indore and expands its footprint in the micro-market. The company already has two plotted developments in the city, Godrej Greenview Estate and Verdania Estate, both of which have witnessed strong customer demand and are at an advanced stage of completion. Indore-Ujjain Road continues to be one of the city’s fastest-growing residential corridors, with easy access to Indore International Airport, Ujjain city and key commercial centres, along with well-established schools and hospitals. The planned expansion of the metro network, the growth of the corporate and IT sector and continued infrastructure development have strengthened Indore’s residential market. Within this market, demand for plotted homes has risen steadily as buyers seek more space and the freedom to design their own homes. Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.