Mumbai, March 7 -- Real estate firm Godrej Properties Ltd, which has been on land buying spree over the last two years, plans to further invest in land parcels seizing opportunity of the falling land prices across major cities amid the slowdown. The Godrej group firm plans to raise around Rs.2000 crore through debt to fund land acquisitions in the next one year. The strategy is in line with its overall target to buy land worth around Rs.5000 crore in the next few years, said a top company official.

We raised about Rs.3100 crore of equity earlier this financial year and previous financial year with clear understanding that it would be fully used to acquire new land opportunities. In addition, we are quite comfortable on taking on debt given...