Godrej Properties Buys 46-Acre Land for Plotted Development in Indore-Ujjain Road

Godrej Properties, the real estate development arm of the Godrej Industries Group, has announced its acquisition of a substantial 46-acre land parcel in Indore. This move is set to pave the way for the development of primarily plotted residential units, catering to the growing demand for housing projects in the city.

Strategic Location

The acquired land is strategically located off Indore-Ujjain Road, a major corridor of Indore that is witnessing rapid development. The Indore-Ujjain Road is set to be expanded into a six-lane highway, significantly enhancing connectivity and accessibility. This infrastructure upgrade is expected to transform the area into a pivotal residential and commercial hub, attracting a mix of homebuyers and businesses.

Development Plans

Godrej Properties plans to leverage this prime location to develop high-quality plotted residential units. The project's strategic location makes it an attractive proposition for potential buyers looking for plots in Indore, in a well-connected area.

Enhancing Indore's Real Estate Landscape

This acquisition by Godrej Properties is expected to enhance the real estate landscape of Indore. With a focus on plotted development, the project will cater to the increasing preference for independent housing plots among buyers.

Connectivity and Infrastructure

The Indore-Ujjain Road is poised to become a vital artery in the city's infrastructure network. The planned expansion to a six-lane highway will not only improve connectivity within Indore but also enhance access to surrounding regions. This infrastructure development is expected to boost the area's real estate value and make it a preferred destination for residential and commercial investments.

Future Prospects

Godrej Properties' acquisition and development plans align with the broader vision of urban development in Indore. As the city continues to grow and attract investments, the Indore-Ujjain Road corridor will play a crucial role in shaping its future.

Looking for property portal?

Find a property Post property

States Allowed Putting the Enemy Property to Public Use

In April, the government sold Rs 1874 crore of the enemy property after the central government permitted the state government to put the enemy property in use back in March. Over 9,400 such properties worth Rs 1 lac crore and Rs 3,000 crore worth of ...

May 09, 2019
Is RERA Registration Mandatory?

The Real Estate Regulation & Development Act, 2016, finally crossed the Rubicon on May 1, 2017. But still, there is a lot of speculation regarding its applicability and scope. One such speculation is the absence of mandatory occupation certificate an...

Jul 20, 2017
Impact of GST on Real Estate

According to the rating agency ICRA, real estate will attract 18% of GST rate and its impact on the housing prices will remain neutral. In the recent Goods and Service Tax (GST) meeting, the finance ministry proposed a four tier GST structure. A l...

Apr 04, 2017
Does Second Mortgage Increase Potential of Your Property?

Real estate investment has a good return on investment potential indeed. However, one must not forget that buying a property is just not a one-time investment. You may have availed home loan while purchasing the house; the property needs maintenance....

Oct 22, 2018