Godrej Properties has launched eight new premier real estate projects in the first eight months of FY23. These projects have a revenue potential of Rs 16,500 crore.

To continue the growth tempo the company intends to invest around Rs 7,500 crore over the next 12-18 months in the acquisition and development of new real estate projects.

In Mumbai, the company has acquired 18 acre of land at Kandivali for Rs 750 crore. The real estate project to be developed on this plot is expected to yield Rs 7,000 crore of additional revenue. Godrej Properties also purchased a 0.5 acre property near Mumbai's Carmichael Road with an intention of building 0.12 million square feet of opulent housing. The company has also purchased around 50 acres in the Mumbai Metropolitan Region near Manor Palghar (MMR).

In Noida's Sector 146, Godrej properties acquired 12.4 acres of property in November 2022. The project's potential for development is anticipated to be around 3.2 million square feet. In Bengaluru, the company has purchased a 7 acre plot of land on which it plans to build a home complex with a sales potential of Rs 750 crore.

In Pune's Mundhwa, Godrej has acquired a 12 acre land to build a 2.2 million square feet of luxury group homes. At Nagpur, the group has acquired 58 acre of property with a saleable size of around 1.5 million square feet.

Apart from stand alone projects, Godrej Properties has joined hands with Shivam Realty for setting up a residential housing project in Kandivali, Mumbai. The project would offer roughly 0.7 million square feet of saleable space with a revenue potential of around Rs 1,000 crore.