Godrej Properties Secures Prime Land in Gurugram for ₹515 Crore

Godrej Properties Ltd. (GPL) has acquired two prime land parcels in Gurugram for ₹515 crore, receiving the Letter of Intent from Haryana Shehri Vikas Pradhikaran (HSVP). The plots, measuring 3.6 acres and 1.97 acres, are located in the prestigious Golf Course Road area and Sector 39, near NH 48.

Together, these parcels offer over 1 million square feet of development potential, with plans for luxury residential apartments. The estimated revenue from these projects is expected to exceed ₹3,400 crore, further strengthening GPL’s position in the National Capital Region (NCR).

In FY2024, Godrej Properties had also acquired two additional plots in the Golf Course Road area, with plans to launch new projects in FY2025. The recent land acquisitions in Greater Noida and Gurugram have significantly expanded the company’s footprint in NCR.

According to Gaurav Pandey, MD & CEO of Godrej Properties, the strong demand for GPL's projects in NCR reflects the trust customers have in the brand. These new acquisitions are expected to meet the rising demand for premium housing in the region.

With a growing presence and strong portfolio, Godrej Properties is poised to deliver high-quality residential communities, boosting its estimated revenue potential to over $1 billion.

News by Rahul Yelligetti