Godrej Properties Wins Rs 515 Crore Bid for Residential Plots in Gurugram

Godrej Properties has secured two residential plots in Gurugram for Rs 515 crore to develop luxury homes worth Rs 3,400 crore. The plots are located in prestigious areas and enhance the company’s portfolio in the Delhi-NCR region. The firm plans extensive project launches this fiscal year.

Realty firm Godrej Properties has secured two residential plots in Gurugram for Rs 515 crore, aiming to develop luxury homes worth Rs 3,400 crore.

In a regulatory filing on Monday, Godrej Properties announced that it has emerged as the highest bidder, securing the Letter of Intent to develop two group housing plots through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plots measure 3.6 acres and 1.97 acres, located in the prestigious Golf Course Road micro-market and Sector 39, respectively.

These land parcels offer a development potential of over 1 million square feet with an estimated revenue potential of over Rs 3,400 crore. The company also won auctions for two land parcels in Greater Noida this quarter, strengthening its Delhi-NCR portfolio.

(With inputs from agencies.)