Godrej Properties emerges as highest bidder for two luxury group housing projects; stock gains ~2%

13 Jul 2023 , 12:26 PM

Godrej Properties Ltd., one of India’s leading real estate developers, announced today that it was the highest bidder and received the Letter of Intent to develop two group housing plots through an e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP).

These two projects are located in the exclusive Golf Course Road micro-market. Golf Course Road is a well-established micro-market known for upscale residential and commercial developments, making it an appealing location for real estate development. 

‘Our foray into the prime Golf Course Road Micro-market with two luxury residential projects marks a significant milestone for Godrej Properties,’ said Gaurav Pandey, MD & CEO of Godrej Properties.

“It is consistent with our expansion strategy and will strengthen our position as the leading real estate developer in NCR. We intend to construct an outstanding residential community that provides long-term value to its residents.,’ he added.

Golf Course Road, with its well-planned infrastructure and proximity to prominent landmarks, provides residents with a high-quality lifestyle and convenient connectivity.

At around 12.17 AM, Godrej Properties was trading 1.94% higher at Rs 1,629.70 per piece, against the previous close of Rs 1,598.75 on NSE. It touched a new 52-week high of Rs 1,638.50 in today’s trade.

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