Tamil Nadu: Godrej Properties forays into Coimbatore with 44-acre plotted development project, eyes ₹450 cr

Tamil Nadu real estate: Godrej Properties plans to develop 1.1 million sq ft of premium plotted development project

Updated on: Mar 13, 2026 10:29 AM IST

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Mumbai-based real estate developer Godrej Properties has acquired a 44-acre land parcel in Tamil Nadu’s Coimbatore to develop a premium plotted residential project with an estimated revenue potential of around ₹450 crore, the company said in a regulatory filing on March 13.

Godrej Properties has acquired a 44-acre land parcel in Coimbatore for a plotted residential project with an estimated revenue potential of ₹450 crore. (Photo for representational purposes only) (Pixabay)

The project will have a developable potential of about 1.1 million sq ft and will mark the company’s entry into the Coimbatore residential market. The land parcel was acquired through an outright purchase, the statement said.

Located in South Coimbatore, the development is situated near the Coimbatore Golf Club. The project is expected to feature a planned residential layout with internal infrastructure, landscaped open spaces, and community amenities, according to the company.

Also Read: Godrej Properties acquires Kolkata, Gurugram land parcels with ₹6,150 crore revenue potential

The acquisition is part of the developer’s strategy to expand its presence in emerging high-growth cities and strengthen its portfolio of plotted residential projects across India.

“Our entry into Coimbatore aligns with our strategy of expanding into high-potential cities across India for plotted development. Coimbatore’s strong economic base and resilient end-user demand make it a compelling market. We look forward to developing a high-quality plotted community that strengthens our presence in South India,” Gaurav Pandey, MD and CEO, Godrej Properties, said.

“Coimbatore is transforming into a diversified economy driven by manufacturing, IT/ITES, education, healthcare, and an SME base. The city’s upcoming infrastructure, rising disposable incomes, and steady economic momentum continue to support housing demand. Plotted developments have gained traction due to affordability, construction flexibility, and strong long-term appreciation potential,” the company said.

Also Read: Godrej Properties acquires an additional 3.8-acre land parcel in Bengaluru, targets ₹3,500 cr from its 30-acre township

Earlier the company had emerged as the highest bidder in an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) for a prime 5-acre land parcel off EM Bypass in Kolkata, and also acquired 11.36 acres in Gurugram, Haryana, through an outright purchase for residential development, with the two acquisitions together carrying an estimated revenue potential of ₹6,150 crore.

The company won the bid in an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) for a prime land parcel measuring 5 acres, located off EM Bypass, Kolkata. The proposed premium residential development is expected to offer an estimated revenue potential of approximately ₹1,650 crore, the company said in a regulatory filing.

ABOUT THE AUTHOR
Souptik Datta
Souptik Datta is a deputy chief content producer at Hindustan Times Digital, where he reports on southern India with a focus on real estate, urban infrastructure and environmental urban issues. His coverage tracks the intersection of policy, capital flows, regulation and sustainability, examining how these forces shape housing markets, commercial real estate and large-scale infrastructure development across rapidly transforming cities. He also closely tracks civic issues affecting urban residents, including property taxation, planning approvals, public transport expansion, water stress, waste management and the governance challenges that influence everyday life in India’s metros. Souptik’s reporting is driven by a strong interest in accountability, consumer rights and the lived realities of homebuyers and investors navigating volatile pricing cycles, regulatory changes and project delivery risks. He frequently analyses project launches, land monetisation strategies, planning frameworks, RERA-related developments and the broader implications of infrastructure investments on emerging growth corridors. His work blends on-ground reporting with data-backed analysis and long-form explainers aimed at demystifying complex real estate and infrastructure developments for readers. He is an alumnus of the Indian Institute of Journalism and New Media. Before joining Hindustan Times Digital, Souptik was associated with Moneycontrol at Network 18, where he covered real estate, infrastructure and allied sectors, producing market insights, policy-led stories and in-depth features. Outside the newsroom, Souptik is an avid solo traveller and documentary enthusiast, exploring diverse regions and visually documenting unique narratives through film and photography. In his early career, Souptik also freelanced as a documentary photographer, independently working on visual storytelling projects that captured grassroots narratives, urban change and everyday life. He can be reached at souptik.datta@htdigital.in.Read More

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