Real estate firm Godrej Properties Ltd on Monday said it has entered Panipat, Haryana, to develop its fourth residential plotted township in North India. The subject plot, measuring about 43 acres, is located in Sector 40, Panipat.
This project will contain nearly 1.02 million sqft of plotted residential development.
鈥淕odrej Properties has acquired 43 acres of land for a plotted development that will have a revenue potential in excess of Rs 1,250 crore,鈥 according to a statement.
The project is strategically located with access from the national highway and is close to a host of social infrastructure, it added.
Gaurav Pandey, MD & CEO of Godrej Properties, said, 鈥淲e are pleased to announce our entry into Panipat. The project fits well with our strategy of expanding into new markets for plotted development. Haryana has been a key market for us, and we look forward to develop a quality plotted township in Panipat, that creates long-term value for its residents.鈥
Recently, Godrej Properties sold more than 1,450 flats for over Rs 2,000 crore in its new project in Bengaluru, as consumer demand for premium apartments remains strong.
Godrej MSR City, a township project, has a developable potential of around 5.6 million (56 lakh) square feet and has significant unlaunched inventory remaining, which the company plans to sell in the coming years. Gaurav Pandey, MD & CEO, Godrej Properties, said, 鈥淭he strong demand reflects growing consumer preference for thoughtfully designed communities that offer a blend of lifestyle, connectivity, and long-term value.鈥 Godrej is one of the leading real estate developers in the country.
According to a recent report by Anarock, India鈥檚 housing sales across the top 7 cities fell by 20% year-on-year, with approximately 96,285 units sold in Q2 2025 compared to 1,20,335 units during the same period last year.
However, a 3% quarter-on-quarter (Q-o-Q) uptick in sales suggests that the market may be regaining some momentum, particularly as domestic uncertainties ease and monetary policy turns supportive.