Real estate major Godrej Properties Ltd has announced the outright acquisition of an 11.36-acre land parcel in Gurugram, marking a significant expansion of its residential footprint in the National Capital Region (NCR).
The company expects the new project to generate an estimated revenue potential exceeding Rs 4,500 crore.
Strategic Location and Expansion
The acquired land is located in Sector 63A, a prime residential corridor along the Golf Course Extension Road. This acquisition is part of Godrej Properties’ aggressive growth strategy to solidify its presence in high-demand markets across India.
“This new acquisition will further enhance our development portfolio in NCR, with good diversification across micro-markets, enabling us to cater to the region’s robust demand,” said Gaurav Pandey, MD & CEO of Godrej Properties.
Record-Breaking Fiscal Year
The acquisition marks a milestone for the developer in the current financial year. According to the company, it has added over Rs 40,000 crore in future sales potential through portfolio additions in FY 2025-26.
Pandey highlighted the scale of this achievement, stating, “This represents delivery of 2X our business development guidance for the full financial year and makes it our best-ever year for business development in terms of future booking value locked in.”
Strong Market Performance
Godrej Properties continues to see strong momentum in its operations. The company recently reported a 25% year-on-year rise in sales bookings, totaling Rs 24,008 crore during the first nine months of the current fiscal year. Management remains confident in achieving its full-year sales target of Rs 32,500 crore for FY 2025-26.
As one of India’s leading real estate developers, Godrej Properties maintains a mixed growth strategy, utilizing both outright land purchases and joint development agreements (JDAs) with landowners to maintain its competitive edge in the rapidly evolving Indian real estate market.
Also read, Godrej Yelahanka Receives RERA Approval; Official Project Name Confirmed as Godrej Aveline
