Godrej Properties, a titan of the Indian real estate industry, has made a bold move to solidify its dominance in Gurugram’s booming luxury market. Through a strategic land acquisition via an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP), Godrej emerged as the victor, securing two prime group housing plots for a combined value of Rs 515 crore.
These plots, strategically situated within coveted Gurugram micro-markets, hold immense development potential. One expansive 3.6-acre plot sits nestled within the prestigious Golf Course Road area, renowned for its concentration of high-end residential developments. The other plot, measuring approximately 2 acres, enjoys excellent connectivity due to its proximity to NH 48, a major national highway. Godrej Properties plans to leverage these prime locations by constructing a mix of luxury residential apartments, catering to the ever-growing demand for premium living spaces in Gurugram.
Industry experts anticipate that the development constructed on these plots will exceed a staggering 1 million square feet, generating an estimated revenue of over Rs 3,400 crore for Godrej Properties. This strategic acquisition signifies the company’s commitment to Gurugram’s real estate landscape and positions them to further capitalize on the city’s robust growth trajectory. With this move, Godrej Properties has cemented its place as a frontrunner in shaping the future of luxury living in Gurugram.
