Godrej Properties Buys 44-Acre Land in Coimbatore for ₹450 Cr Project

• 44-acre land parcel acquired for plotted residential development

• Project expected to generate around ₹450 crore in revenue

• Development potential estimated at about 1.1 million sq ft

Godrej Properties has expanded its footprint in southern India with the acquisition of a 44-acre land parcel in Coimbatore, where it plans to launch a premium plotted residential project. The development is expected to have a total developable potential of nearly 1.1 million square feet and could generate an estimated revenue of around ₹450 crore.

The Mumbai-based developer confirmed that the land was acquired through an outright purchase, marking the company’s entry into the Coimbatore real estate market. The upcoming project will focus on premium residential plots, a segment that has recently witnessed strong demand among homebuyers and investors.

Located in south Coimbatore, the site sits in a well-established residential micro-market and is close to the Coimbatore Golf Club, making it an attractive destination for future homeowners. The project is expected to include planned infrastructure, landscaped open areas, and modern community amenities, in line with Godrej Properties’ design and sustainability standards.

According to Gaurav Pandey, the company sees long-term growth potential in the city’s residential sector. He said that entering Coimbatore aligns with the developer’s strategy of expanding into high-potential cities for plotted development projects.

“Coimbatore’s strong economic foundation and consistent end-user housing demand make it a compelling market for us,” Pandey noted. He added that the company aims to create a well-designed plotted residential community that meets modern lifestyle expectations.

Industry experts say plotted developments are gaining popularity across India, particularly in tier-2 cities, as they offer buyers greater flexibility to design and build their homes. Such projects are also considered attractive due to their relatively lower entry cost and long-term appreciation potential.

Coimbatore itself has been steadily emerging as a diversified economic hub in southern India. The city’s growth is supported by sectors such as manufacturing, IT and IT-enabled services, education, healthcare, and a strong small and medium enterprise ecosystem. Improved infrastructure and rising incomes have further strengthened the housing market in the region.

Godrej Properties also highlighted that steady economic growth, infrastructure expansion, and increasing disposable income continue to support sustained residential demand in the city.

The announcement comes at a time when Godrej Properties is witnessing strong nationwide performance. In FY25, the company maintained its position as India’s largest developer by value of residential sales, reflecting robust demand for its projects across multiple cities.

With its new project in Coimbatore, the developer aims to tap into the city’s growing housing demand while expanding its presence in southern India’s real estate market.

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