Godrej Properties Ltd. (GPL) has been awarded the highest bid for a luxury group housing plot in Gurugram, which has a revenue potential exceeding ₹5,500 crore,
As reported by the Hindustan Times, this acquisition marks the 11th new project GPL has secured in the financial year 2025.
On October 25, GPL announced that it had received a Letter of Intent to develop the group housing plot located on Golf Course Road, following an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP).
The plot spans 7.5 acres and offers a development potential of over 1.7 million square feet, featuring luxury residential apartments of varied configurations.
In the previous financial year, GPL acquired two prime parcels in the Golf Course Road micro-market—measuring 5.15 acres and 2.76 acres—also through auctions held by HSVP. The company plans to launch both of these projects in the current financial year. The estimated revenue potential of GPL’s developable land on Golf Course Road is more than $1.5 billion.
With the latest project, GPL’s total booking value from new projects has increased to ₹22,950 crore, surpassing its full-year business development guidance of ₹20,000 crore.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, commented on the acquisition, stating, “We have witnessed strong demand for our projects in the NCR market, demonstrating the huge trust and confidence our customers have placed in us.
“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. We will aim to build outstanding residential communities that create long-term value for its residents.”