Godrej Properties Secures Prime Gurugram Land for Luxury Housing Project

Godrej Properties has acquired a 7.5-acre land parcel in Gurugram to develop a luxury housing project worth over Rs 5,500 crore. The project will feature luxury residential apartments. The company aims to generate significant revenue from new projects in the current and upcoming fiscal years.

Godrej Properties, a prominent real estate firm, has successfully won the bid for a 7.5-acre land plot on Golf Course Road in Gurugram, intended for a luxury housing project forecasted to exceed revenue of Rs 5,500 crore.

The company has a Letter of Intent for the development through an e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP), and the project is expected to span over 1.7 million square feet with diverse luxury residential configurations.

The acquisition aligns with Godrej Properties’ strategy to add multiple land parcels this fiscal, with the potential to earn Rs 20,000 crore, thereby solidifying its status as a premier real estate developer.

(With inputs from agencies.)