October 25, 2024 |
Godrej Properties Wins Bid for 7.5 Acre Group Housing Plot in Gurugram
This is the 11th new project Godrej Properties has acquired in FY25 and takes the booking value added through new projects to Rs 22,950 crore.
Godrej Properties (GPL) has emerged as the highest bidder and has secured the letter of intent to develop a group housing plot at Golf Course Road, Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP).
The plot measuring 7.5 acres will offer a development potential of over 1.7 million sq ft with an estimated revenue potential in excess of Rs 5,500 crore.
This is the 11th new project it has acquired in FY25 and takes the booking value added through new projects to Rs 22,950 crore thereby surpassing its full year business development guidance of Rs 20,000 crore.
In FY24, GPL acquired two prime parcels measuring 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 the company’s developable land on Golf Course Road is in excess of USD 1.5 billion.
Source : ET Realty
Related Articles
Gurugram proposes circle rates for 2026–27; Dwarka Expressway may see the steepest hike of up to 67%
Starting April 1, homebuyers in Gurugram could face a noticeable increase in stamp duty and registration costs, as the district administration has […]
Table Space leases 1.45 lakh sq ft of commercial space in Gurugram at a starting monthly rent of ₹2.85 crore
Co-working space operator TableSpace Technologies Pvt Ltd has leased 1.45 lakh sq ft of commercial space in Gurugram for five years at a […]
Quiet Luxury to Statement Living: How Luxury Buyer Preferences Are Shifting in 2026
NewsVoir New Delhi [India], March 25: In the last few years, the word “quiet luxury” has increasingly entered the vocabulary […]
Recent Posts
Categories
- Real Estate News (678)