Godrej Properties Limited (BSE: GODREJPROP, NSE: GODREJPROP) has announced that it has emerged as the highest bidder for a prestigious luxury group housing plot located on Golf Course Road, Gurugram, with an estimated revenue potential exceeding INR 5,500 crore. The company secured the Letter of Intent to develop this prime plot through an e-auction conducted by Haryana Shehri Vikas Pradhikaran (HSVP).
The 7.5-acre plot offers a development potential of over 1.7 million square feet and is slated for luxury residential apartments of varied configurations. This is the 11th new project acquired by Godrej Properties in FY25, bringing the total booking value from new projects to INR 22,950 crore, surpassing its full-year business development guidance of INR 20,000 crore.
In FY24, the company acquired two additional prime parcels in the same Golf Course Road micro-market and is set to launch those projects within this financial year. The cumulative estimated revenue potential from Godrej Properties’ developable land in this area exceeds USD 1.5 billion.
Gaurav Pandey, Managing Director & CEO of Godrej Properties, expressed confidence in the acquisition, highlighting the strong demand for the company’s projects in the NCR market. “This new acquisition will further strengthen our development portfolio in NCR and cater to the strong demand for our products in this market. We will aim to build outstanding residential communities that create long-term value for residents,” he said.
