Godrej Properties has come as the highest bidder for two luxury group housing plots in the Golf Course Road micro-market, Gurugram, said Godrej Properties.
The two primary projects spread over 2.76 acres and 5.15 acres will have a combined estimated revenue potential of approximately rs 3,100 crore.
The average rate of plot in this market is around rs 100 crore per acre. Recently, The Haryana Shahari Vikas Pradhikaran (HSVP) has conducted an auction for prime land, and earlier acquired developers have also acquired a land parcel in this micro market.
Golf Course Road is become one of the established micro-market renowned for its upscale residential and commercial developments, making it one of the most attractive destinations for real estate development.
Gaurav Pandey, MD & CEO, of Godrej Properties. said that the company’s foray into the prime Golf Course Road micro-market has two luxurious residential projects making it an even more significant milestone for Godrej Properties. This also aligns well with an expansion strategy and it will also solidify our position as a leading real estate developer in Delhi NCR.
Godrej Properties have come up with tons of multiple acquisitions in and around NCR post-Covid. Recently, it also acquired land in Gurugram, Haryana through an outright purchase. This project also offers approximately 1.6 million square feet of premium residential development with an estimated revenue potential of approximately rs 2,500 crore.
This also acquire around 62 acres of land in Kurukshetra, Haryana to develop 1.4 million sq. ft of plotted development residential development.
This also recently entered into an agreement for the development of 14.27 acres of land in Gurugram, Haryana with an estimated revenue of rs 3,000 crore. Godrej Properties have also acquired two land parcels for a residential project in Noida from the local authority through an auction of Rs 377 crore. It also continues its aggressive expansion in the NCR. This also recently acquired two land parcels for residential development in Noida from the local authority through an auction for s377 crore. This also continues its aggressive expansion in the NCR.
Godrej Properties have recently acquired two land parcels for a residential project in Noida from the local authority through an auction for Rs 377 crore. It also continues to expand its venture in NCR.
The company has also acquired an approximately 7-acre land parcel in the vicinity of Indiranagar, Bengaluru. It also acquired a half-acre land parcel from the Karam Chand Thapar (KCT) group to develop a luxury project near Carmichael Road, Mumbai. This also estimated booking value booking potential of rs 1,200 crore.
