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These two land parcels are located in the Golf Course Road micro-market in Gurugram. Golf Course Road is an established micro-market renowned for its upscale residential and commercial developments, making it an attractive destination for real estate development.
With its well-planned infrastructure and proximity to prominent landmarks, Golf Course Road offers residents a high-quality lifestyle and convenient connectivity, said the realtor.
The two prime projects spread over 2.76 acres and 5.15 acres respectively shall have a combined estimated revenue potential of approximately Rs 3,100 crore.
Gaurav Pandey, MD & CEO of Godrej Properties, said, “Our foray into the prime Golf Course Road micro-market with two luxury residential projects marks a significant milestone for Godrej Properties. It aligns well with our expansion strategy and will further solidify our position as a leading real estate developer in NCR.”
Godrej Properties (GPL) is the real estate arm of the Godrej Group. In FY 2021, GPL emerged as the largest developer in India by the value and volume of residential sales achieved.
The company reported 58% rise in consolidated net profit to Rs 412.14 crore on 23.72% increase revenue from operations to Rs 1,646.27 crore in Q4 FY23 over Q4 FY22.
The counter hit a 52-week high at Rs 1,638.45 on the BSE in intraday today.
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