Godrej Properties Limited has announced its strategic entry into the Coimbatore real estate market through the acquisition of a substantial land parcel for residential development. The move represents a significant expansion of the company's geographical footprint in South India's growing urban markets.

Land Acquisition Details

The company has acquired approximately 44 acres of land in Coimbatore through an outright purchase arrangement. The acquisition parameters demonstrate the scale and potential of this new venture:

Development Plans and Features

The proposed development will offer a comprehensive residential layout designed to meet premium housing standards. The project will feature quality infrastructure, landscaped open spaces, and community amenities that align with GPL's established design and sustainability philosophy. The site's location in one of South Coimbatore's most sought-after residential micro-markets positions it strategically for the target demographic.

Strategic Market Entry

This acquisition marks GPL's inaugural entry into Coimbatore and reinforces the company's focused expansion strategy into high-potential growth cities across India. The move serves multiple strategic objectives:

• Strengthens GPL's presence in economically resilient urban centres
• Diversifies the company's regional booking mix
• Accelerates the scale-up of its fast-growing plotted development portfolio

Market Dynamics and Opportunity

Coimbatore is experiencing rapid transformation into a diversified economy supported by multiple growth drivers. The city's economic foundation rests on manufacturing, IT/ITES sectors, education, healthcare, and a robust SME base. These factors contribute to the city's appeal for real estate development:

• Robust infrastructure development
• Rising disposable incomes
• Steady economic momentum supporting sustained housing demand
• Growing preference for plotted developments due to affordability and construction flexibility

Management Commentary

Gaurav Pandey, MD & CEO of Godrej Properties, emphasized the strategic alignment of this expansion: "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."

Company Background

Godrej Properties brings the Godrej Industries Group's 129-year legacy of innovation, sustainability, and excellence to the real estate sector. The company has received recognition for its sustainability practices, being ranked #1 globally amongst listed residential developers by the Global Real Estate Sustainability Benchmark in 2020, 2021, 2022, and 2025.

Godrej Properties Limited has completed the allotment of 1,397 equity shares under its Employee Stock Grant Scheme 2011, following the exercise of stock grants by eligible option grantees during the designated exercise period.

Share Allotment Details

The company's Allotment Committee of the Board of Directors approved the allotment on March 09, 2026, at 2.10 p.m. The allotment comprises equity shares with the following specifications:

Impact on Share Capital

Following this allotment, Godrej Properties Limited's capital structure has been updated with effect from March 09, 2026. The revised capital position reflects the company's commitment to its employee stock participation program.

Regulatory Compliance

The allotment was conducted in strict accordance with the provisions of the Godrej Properties Limited Employees Stock Grant Scheme, 2011. The company has notified both BSE Limited and National Stock Exchange of India Limited about this development as required under Regulation 30.

The communication was signed by Ashish Karyekar, Company Secretary, and digitally authenticated on March 09, 2026, ensuring proper documentation and regulatory compliance for the share allotment process.