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Godrej Properties emerges as highest bidder for two luxury housing plots in Gurugram

Jul 13, 2023

By: BlinkX Research Team

Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, today announced that it has emerged as the highest bidder and has secured the Letter of Intent to develop two group housing plots through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). 

In the regulatory filing, the company said these two land parcels are strategically located in the prestigious Golf Course Road micro-market. Golf Course Road is an established micro-market renowned for its upscale residential and commercial developments, making it an attractive destination for real estate development. 

With its well-planned infrastructure and proximity to prominent landmarks, Golf Course Road offers residents a high-quality lifestyle and convenient connectivity, the company added.

The two prime projects spread over 2.76 acres and 5.15 acres respectively shall have a combined estimated revenue potential of approximately Rs 3,100 crore.

Gaurav Pandey, MD & CEO, of Godrej Properties said, “Our foray into the prime Golf Course Road Micro-market with two luxury residential projects marks a significant milestone for Godrej Properties. It aligns well with our expansion strategy and will further solidify our position as a leading real estate developer in NCR.”

Gaurav Pandey added that we will aim to build an outstanding residential community that creates long-term value for its residents.

Source: Media reports