The project is expected to offer an estimated saleable area of around 9 lakh square feet.
The newly acquired land strategically located on Ajwa Road. The area offers seamless access to major commercial hubs and other significant nodes of the city and is situated close to renowned educational institutions and leisure attractions. Its proximity to Vadodara Airport and the city center further enhances its appeal as an ideal residential destination.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are happy to announce our entry into the vibrant city of Vadodara. Reinforcing our commitment to the state and confidence in the market potential, this acquisition aligns strategically with our focus on entering high-growth cities through plotted developments. With residential plotted developments gaining significant traction, Ajwa Road offers an excellent opportunity for expansion. Our goal is to create a sustainable and thriving community that delivers long-term value to residents while leveraging Vadodara's immense growth potential.”
Godrej Properties is a leading national real estate developer. It is a real estate arm of the Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development.
The company's consolidated net profit declined 18.9% to Rs 381.99 crore, despite a 48.8% jump in net sales to Rs 2,121.73 crore in Q4 FY25 over Q4 FY24.
The counter declined 1.27% to settle at Rs 2,102.75 on the BSE.