Godrej Properties acquires nine acres of land in Gurugram to build Rs2,500 crore worth housing project

29 Dec 2022 , 01:14 AM

Godrej Properties Ltd. (GPL) has announced that it has acquired approximately 9 acres of land in Gurugram, Haryana through an outright purchase. 

This project will offer approximately 1.6 million square feet of premium residential development with exceptional lifestyle amenities. The site is strategically located with easy access from Golf Course Road Extension, also known as Southern Peripheral Road. 

Gaurav Pandey, MD & CEO Designate, Godrej Properties, said, “Gurugram is an important market for us and we are happy to add this city center land parcel to our portfolio. Golf Course Road Extension is an established and premium micro-market with good civic and social infrastructure. We aim to build premium residential spaces with best-in-class amenities. 

This project will allow us to significantly increase our market share in Gurugram over the next several years and fits within our strategy of strengthening our presence in key micro markets”. 

Golf Course Road Extension is one of the most premium micro-markets of NCR offering quality residential, corporate and retail developments.

At around 1:18 PM, Godrej Properties was trading at Rs1207.10 per share lower by 2.07% on the BSE.

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