Godrej Properties Ltd, one of the country’s leading real estate developers, has emerged as the highest bidder for a 7.5-acre plot on Gurugram’s tony Golf Course Road.
Secured through an e-auction by the Haryana Shehri Vikas Pradhikaran, the plot has a revenue potential of more than Rs 5,500 crore. The company plans to develop over 1.7 million square feet for luxury residential space.
“We have witnessed strong demand for our projects in the NCR market… I am very confident that this new acquisition will further strengthen our development portfolio in NCR as well as cater to strong demand for our products in this market,” Godrej Properties MD & CEO Gaurav Pandey said.
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This the company’s eleventh project of FY25, pushing total booking value for new projects to Rs 22,950 crore, surpassing its annual target, the company said.
“We will aim to build outstanding residential communities that create long-term value for its residents,” Pandey said.
On October 25, the stock ended at Rs 2,944.95 on the National Stock Exchange, up 0.70 percent from the previous close.
