Godrej Properties was established in 1990 as the real estate development arm of the Godrej Group, a diversified Indian conglomerate founded in 1897. The company operates in 12 cities across India, including the Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru, and Hyderabad. Nagpur is a more recent — and now firmly recurring — chapter in that story. The November 2025 MIHAN SEZ acquisition is the company's third in Nagpur in the past four years, underscoring its strong momentum and strategic focus on emerging growth corridors. In FY25, Godrej Properties achieved a record ₹29,444 crore in pre-sales, leading listed developers that year. Nagpur now sits inside the expansion playbook that drove those numbers.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, has stated that "Nagpur continues to strengthen its position as an important centre for infrastructure and industrial development, supported by improving connectivity and rising residential demand." That is not a generic observation about tier-2 India — it reflects the specific logic of MIHAN SEZ, which has spent two decades maturing into the infrastructure asset it was designed to be.
The project tracked on this microsite — Godrej Nagpur Plotted Township (MIHAN SEZ) — is the latest in a sequence of plotted residential developments Godrej Properties has assembled along Nagpur's southern growth corridor.
Godrej Properties has acquired a 75-acre land parcel with a revenue potential of ₹755 crore and approximately 1.7 million square feet of development potential in Nagpur. The development will primarily comprise plotted residential units, and the land is strategically positioned near the Samruddhi Mahamarg and MIHAN SEZ, offering connectivity to major corridors including the Nagpur–Hyderabad Highway and Dr. Babasaheb Ambedkar International Airport.
This project builds on a footprint Godrej Properties has been accumulating in the same corridor. The first plotted development by Godrej Properties in Nagpur is Godrej Orchard Estate, strategically located in Besa, one of the fastest-growing residential zones in the city. The second, Godrej Forest Estate, sits at Sumthana near the Samruddhi Mahamarg Circle — developed across 60 acres with 1,414 plots, launched in January 2025, with RERA registration P50500054903. Plot sizes at Forest Estate range from 1,100 sq ft to 2,000 sq ft, with possession expected in March 2027. The new 75-acre township near MIHAN SEZ — Godrej Nagpur Plotted Township — extends this cluster further toward the SEZ boundary itself.
Across Godrej Properties' plotted developments in the MIHAN–Samruddhi Mahamarg belt, the size range is structured to cover multiple buyer profiles. Godrej Properties is developing a series of plotted townships in Nagpur along the Samruddhi Mahamarg corridor and in areas like Sumthana, with residential plots ranging from 1,100 sq ft to 4,000 sq ft, providing flexibility for custom villa homes, investment land, or future saleable assets.
Published market data points to a broadly consistent price band for these developments. On average, plots in the Forest Estate development are priced between ₹4,800–₹5,000 per sq ft in resale and marketplace listings, reflecting strong demand due to its premium positioning and connectivity. For the newer 75-acre township near MIHAN SEZ, pricing has been indicated starting at ₹4,999 per sq ft, with plots starting from ₹59.99 lakhs.
| Plot Size | Indicative Price Range |
|---|---|
| 1,100 sq ft | From approx. ₹55 lakh |
| 1,500 sq ft | Approx. ₹65 lakh – ₹75 lakh |
| 2,000 sq ft | Approx. ₹82 lakh – ₹99 lakh+ |
| 2,400–3,000+ sq ft | ₹1.2 crore – ₹2 crore+ |
Sources: Published channel-partner and marketplace listings, 2025–2026. Prices vary by plot position within the township.
MIHAN is emerging as one of India's most ambitious infrastructure initiatives, strategically located at the geographical centre of the country, designed to harness Nagpur's central position to develop it into a key hub for logistics, cargo, aviation, and industrial activity. It includes the expansion of Dr. Babasaheb Ambedkar International Airport, the establishment of India's largest multi-product Special Economic Zone, and the development of essential support infrastructure.
The MIHAN SEZ spans over 2,000 hectares and includes IT parks for technology companies, a dedicated Health City offering medical services, hospitals, and training institutions, and space for manufacturing units in pharmaceuticals, textiles, and food processing. Established institutional tenants are already operating inside the zone. Key private partnerships have seen MADC allot SEZ land to firms including Infosys (142.176 acres), Mahindra Satyam (130.182 acres), and TCS (53.910 acres), fostering industrial and IT hubs within the precinct.
Road access to the zone is being upgraded in tandem with its commercial activation. A planned 2.69-km six-lane flyover from Chinchbhuvan to the MIHAN interchange, costing ₹619 crore, was slated to commence construction by mid-October 2025 to alleviate congestion and enhance freight flow. The airport itself is undergoing capital-intensive expansion: GMR's expansion entails a total outlay of ₹3,275 crore, including a ₹2,600 crore debt facility from Tata Capital arranged in May 2025 to fund terminal and runway enhancements.
Nagpur Metro's Orange Line, meant to improve connectivity to MIHAN, saw its first phase become operational in March 2019, easing commutes for parts of the city. Extended metro reach toward the MIHAN corridor remains part of the city's longer-term urban transport planning.
The Mumbai–Nagpur Samruddhi Mahamarg (Maharashtra Samruddhi Corridor) is the arterial highway that physically connects Godrej Properties' MIHAN-area plots to Maharashtra's commercial core. Its Nagpur interchange sits adjacent to the Sumthana–Hingna belt where Godrej's cluster of developments is anchored. Over the past decade, Nagpur has seen rapid infrastructure upgrades, better road connectivity, industrial growth around MIHAN, and steady residential demand. The expressway amplifies all three: it shortens the drive to Mumbai, raises logistics value for MIHAN's freight operators, and positions residential land near the interchange as the natural settlement belt for MIHAN's growing workforce.
Godrej Properties' plotted townships in this corridor are not raw land parcels with boundary walls. The master plan of Godrej Forest Estate — the adjacent, already-launched sibling project — offers 1,414 plots across 60 acres with wide internal roads, dedicated green zones, and utility-ready plots, structured to encourage a walkable, sustainable lifestyle with an emphasis on preserving the natural environment.
The new 75-acre Godrej Nagpur Plotted Township near MIHAN SEZ follows the same township planning philosophy. Buyers can purchase plots of various sizes and build independent homes while enjoying township-level amenities such as internal road networks, green spaces, and common infrastructure. The gated format — Godrej Plots Nagpur is a secure gated residential plotted development — means security infrastructure and common-area maintenance are part of the township from day one, rather than retrofitted later.
For years, Godrej Properties focused heavily on India's metro cities — Mumbai, Pune, Bengaluru, Delhi-NCR, and Chennai — where scale, strong demand, and predictable growth were naturally available. As land became scarcer and competition intensified, the company began exploring tier-2 markets with high growth potential. Nagpur's MIHAN corridor met the test on multiple counts: a functioning SEZ with named institutional anchor tenants, an expressway linking it to Mumbai, an international airport being recapitalised at ₹3,275 crore, and a residential land market still priced well below comparable SEZ-adjacent corridors in Pune or Hyderabad.
With its latest Nagpur acquisition, Godrej Properties surpassed its annual business development guidance of ₹20,000 crore for FY26. That means MIHAN SEZ was not a marginal allocation — it was the transaction that pushed the company past its own stated target for the financial year, which is a concrete measure of how the company is sizing the opportunity here.
