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GODREJ PROPERTIES ACQUIRES 90 ACRES OF LAND IN NITCO LIMITED SELLS 4 ACRE LAND PARCEL FOR `232
KHALAPUR, MAHARASHTRA CR TO RUNWAL
Godrej Properties Ltd. (GPL), one of India’s leading real estate NITCO Limited, a leading name in the tile manufacturing industry,
developers, today announced that it has acquired a ~90-acre has sold a prime land parcel located in Kanjurmarg East to CONSTRUCTION
land parcel in Khalapur - Raigad, Maharashtra. The land is located Runwal for `232 Cr. The land parcel, spanning 16,250 square
near Karjat Khopoli Road and is estimated to have a development meters or 4 acres, is a strategic asset with significant potential.
potential of approximately 1.7 million square feet of saleable area Situated in a prime location, the NITCO Ltd. land parcel offers
comprising primarily of residential plotted development. excellent connectivity to key transportation links such as the
Gaurav Pandey, MD & CEO, Godrej Properties, said, “Residential Eastern Express Highway, Jogeshwari – Vikhroli Link Road (JVLR),
plotted development has gained significant traction in recent and Kanjurmarg Railway Station.
years. Khalapur is a promising upcoming The area will soon benefit from enhanced accessibility with the
location. Hence following the excellent upcoming Metro Line No. 4 and 6, further adding to its value
response to our last development, Godrej and appeal.
Hillview Estate, we aim to expand our
presence in the region. We will aim to build ULTRATECH CEMENT AIMS FOR 200 MTPA CAPACITY BY
an outstanding residential community that FY27
creates long-term value for its residents.” UltraTech Cement, a key entity of the Aditya Birla Group, is on
Located about 70 kilometres from Mumbai, track to exceed a production capacity of 200 million tonnes
Khalapur is a scenic area featuring well-established social per annum (MTPA) by FY27, following the approval of recent
and civic infrastructure, including several schools, healthcare acquisitions and the completion of ongoing projects.
facilities, shopping malls, and entertainment venues. The land is At the company’s annual general meeting recently, Chairman
in proximity to the Mumbai Trans Harbour Link and the Mumbai- Kumar Mangalam Birla announced that the completion of
Pune Expressway, providing excellent connectivity to Mumbai, current expansion initiatives and the statutory approvals for the
Navi Mumbai, and Pune. The planned Navi Mumbai International recently announced acquisitions of Kesoram Cement (10.75
Airport is expected to further enhance access to Khalapur and its MTPA) and The India Cements (14.45 MTPA) will push UltraTech’s
neighbouring regions. total cement capacity beyond the 200 MTPA target set during
last year’s AGM. This aligns with the Group’s vision of becoming
GODREJ PROPERTIES BECOMES TOP BIDDER FOR PRIME a leading global player in the cement sector.
LAND PARCELS IN GREATER NOIDA In FY24 alone, UltraTech increased its cement production
Godrej Properties has secured the highest bid for two prime land capacity by 13.3 MTPA through expansion projects, surpassing
parcels, with a combined bid value of `842 crore, in an e-auction the 150 MTPA mark in April.
conducted by the Greater Noida Industrial Development Authority Birla emphasized that the company’s capacity expansion is not
(GNIDA). The auction was for Residential Group Housing Plots. merely a numbers game. The expanded manufacturing footprint
GNIDA will issue the allotment letters following the completion of will enable UltraTech to reduce operational costs, particularly in
the necessary procedures, according to a statement from Godrej logistics, and improve customer service by minimizing lead times
Properties. The parcels, located in Sector Sigma—III (9.5 acres) and through its robust nationwide distribution network. The increased
Sector 12 (8 acres), are situated in key areas of Greater Noida. scale will also position UltraTech to meet India’s growing cement
Together, they offer a development potential of 3.75 million square demand more effectively.
feet and are expected to generate over `5,000 crore in revenue UltraTech’s presence spans 60 locations across India, with a mix
through the development of premium residential apartments in of integrated cement plants, grinding units, bulk terminals, and
various configurations. Greater Noida’s infrastructure, wide roads, over 300 ready-mix concrete plants.
and its proximity to Delhi, Noida, and the Jewar Airport enhance Birla highlighted India’s economic resilience amid global
its appeal for high-quality living and connectivity. uncertainties, noting that the country achieved a real GDP growth
In FY23, Godrej Properties acquired two parcels of 6.2 acres each of 8.2% in FY24, making it the fastest-growing major economy
in Sector 146, Noida. The first project, Godrej Tropical Isle, launched and the fifth-largest globally. He attributed this growth to structural
with a booking value exceeding `2,050 crore, marking it as the reforms and strong domestic demand, with expectations for India
company’s largest launch at the time. The success of Tropical Isle to grow at 7.2% in FY25, driven by increased capital expenditures,
led to the launch of Godrej Jardinia, which was sold out upon its digital infrastructure development, and policy reforms.
release in Q1 of the current fiscal year, with a booking value of In FY24, UltraTech significantly boosted its renewable energy
`,375 crore. Together, these projects generated over `4,400 crore capacity by 77% and its Waste Heat Recovery System (WHRS)
in just three quarters. capacity by 32% compared to the previous year. The company
Godrej Properties Managing Director & CEO Gaurav Pandey now has 890 MW of green energy capacity, meeting 22% of its
expressed confidence in the new acquisitions, stating, “We have total power needs in FY24.
seen robust demand for our projects in the NCR market, reflecting With further planned increases in renewable energy and WHRS
the strong trust and confidence customers have in us. These new capacity, UltraTech is set to reach 1,000 MW of green power and
acquisitions will further enhance our development portfolio in the aims to increase the share of green energy in its total energy mix
NCR region and address the high demand for our offerings.” to 85% by 2030.

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