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Tier II boost: Godrej buys 50 acres in Raipur for premium plotted project
The project, slated to launch in early 2026, will feature a premium plotted residential development spanning an estimated 9.5 lakh sq. ft. of saleable area.
This move marks Godrej's continued focus on scaling its presence in Tier II growth corridors through plotted developments—an asset class increasingly preferred by both homebuyers and long-term investors for its flexibility, faster turnaround time, and appreciation potential.
Why Raipur, and Why Now?
Raipur—Chhattisgarh's capital—is emerging as a key real estate hotspot, backed by infrastructure investments and rising middle-class aspirations. The site's location near Old Dhamtari Road offers excellent connectivity to Central Raipur, the airport, and railway station. It also benefits from proximity to the Atal Path (Raipur–Naya Raipur Expressway) and upcoming Raipur–Hyderabad and Raipur–Visakhapatnam corridors—
'There's a clear shift toward Tier II and III cities as engines of real estate growth. Locations like Raipur now offer the perfect blend of infrastructure readiness, rising disposable incomes, and demand for secure land-based assets,' said Gaurav Pandey, MD & CEO, Godrej Properties.
The Raipur project is part of Godrej's broader land acquisition spree in emerging regions. The company is expected to announce more plotted townships in markets like Nagpur, Bhubaneswar, and Jaipur in the coming quarters. Recently, Godrej Properties acquired a licensed land in Panipat for Rs 600 crore, which is spread over 40 acres and has a potential developable area of 3 million sq ft. In June, Godrej Properties acquired and will develop a 16-acre land parcel in Upper Kharadi, Pune. Development on the land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of around 2.5 million square feet with an estimated revenue potential of Rs 3,100 crore.
Investment Case for Plotted Developments
The Raipur project aligns with Godrej's strategy of leveraging early-mover advantage in Tier II cities through plotted layouts. Plots offer several financial upsides:
Lower entry cost compared to metros
Flexible build timelines, lowering capital lock-in
Independent asset ownership, attractive for inheritance and resale
Faster approvals and execution, enabling quicker monetisation
As previously reported by Business Standard, developers including DLF, Birla Estates, and Puravankara are aggressively chasing similar formats in cities such as Coimbatore, Indore, and Mysuru—capitalising on a ₹10-lakh-crore real estate opportunity predicted for non-metros by 2030.
Project: Godrej Plotted Development, Raipur
Location: Old Dhamtari Road (proximity to Atal Path)
Size: ~50 acres | 9.5 lakh sq. ft. saleable area
Launch timeline: Likely early 2026
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