Godrej Properties crosses FY26 business development guidance post Nagpur land deal

Shares of Godrej Properties Ltd. are in focus on Friday, November 21, after the company said it has crossed its annual business development guidance of ₹20,000 crore for financial year 2026 with the acquisition of a 75 acre land parcel in Nagpur.

The project will have an estimated revenue potential of ₹755 crore, it said.

This is the company's third acquisition in Nagpur in the last four years. The development on the land parcel will primarily comprise residential units and will offer an estimated saleable area of 1.7 million square feet, Godrej Properties said.

The land parcel is located near the Samruddhi Mahamarg and MIHAN SEZ and is connected to major corridors, including the Nagpur-Hyderabad Highway and Dr. Babasaheb Ambedkar International Airport, it said.

It is also accessible to healthcare facilities, educational institutions, retail hubs and entertainment options, Godrej Properties added.

"This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India," Gaurav Pandey, the MD and CEO of Godrej Properties, said.

Shares of Godrej Properties ended the previous session nearly 0.3% lower at ₹2,125 apiece. The stock has declined nearly 24% this year, so far.

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