"Godrej Properties Secures Prime Land in Ahmedabad for ₹1,300-Crore Project"

Godrej Properties Ltd (GPL) has acquired approximately 3 acres of land in Vastrapur, Ahmedabad, to develop premium residential apartments with an estimated booking value of ₹1,300 crore. The project, situated in the upscale Vastrapur area of West Ahmedabad, is expected to provide 0.9 million square feet of saleable area. Its strategic location offers easy access to key institutions, including IIM Ahmedabad, healthcare facilities, and commercial hubs such as Navratna Business Park.

This acquisition marks GPL’s second project in Ahmedabad, furthering its expansion into major Indian real estate markets. The development will also benefit from its proximity to popular landmarks, including Vastrapur Lake Garden, the Sabarmati Riverfront Project, and Nexus Ahmedabad One Mall.

Gaurav Pandey, MD & CEO of Godrej Properties, expressed enthusiasm about the new project, stating, “We are happy to add our second project in Ahmedabad. This will further strengthen our presence in the city and complement our strategy of deepening our footprint in key micro-markets across India’s leading cities.”

Godrej Properties recently emerged as India’s largest developer by residential sales value in FY 2024 and received the Developer of the Year award at the GRI India Awards 2024.

HBL