India, July 16 -- Mumbai-based listed real estate developer Godrej Properties Ltd announced its entry into Raipur with the acquisition of around 50 acres of land for a plotted development, with an estimated saleable area of around 9.5 lakh square feet in Raipur, the company said on July 16.

The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of around 9.5 lakh square feet, the company said in a regulatory filing.

Strategically located near Old Dhamtari Road, a rapidly growing real estate hub, the location is well connected to Central Raipur, Raipur Railway Station, and Swami Vivekananda Airport, the company said.

The area is also witnessing accelerated develop...