Acquires 3rd land parcel in micro market Golf Course Road
GURUGRAM The CONNECT) – Godrej Properties Ltd. (GPL) emerged as the highest bidder for a group housing plot at Golf Course Road in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP).
GPL said the 7.5 acre plot will offer a development potential of development of over 1.7 million square feet, comprising of luxury residential apartments of varied configurations, with an estimated revenue potential in excess of INR 5,500 crore.
In FY24, GPL acquired two prime parcels of 5.15 acres and 2.76 acres in the Golf Course Road micro-market from HSVP through auction and plans to launch both these projects in the current financial year.
The estimated revenue potential of GPL’s developable land on Golf Course Road in Gurgaon is in excess of USD 1.5 billion.
Gaurav Pandey, MD & CEO, Godrej Properties, said, the realtor has witnessed strong demand for its projects in the NCR market “demonstrating the huge trust and confidence which our customers have placed in us”.
