Godrej Properties to develop residential group housing project in Gurugram, Haryana

23 Dec 2022 , 12:00 PM

Godrej Properties Ltd. (GPL) on Friday announced that it has entered into an agreement for development of 14.27 acres of land in Gurugram, Haryana.

The development will comprise predominantly of premium residential apartments which will be one of GPL’s largest residential developments in Gurugram and significantly strengthens its presence in the city.

The site is strategically located with easy access to National Highway 48 and Northern Peripheral Road.

Gaurav Pandey, MD & CEO Designate, Godrej Properties, said, “We are pleased to announce the addition of this large and strategically important project in Gurugram. This project will allow us to significantly increase our market share in Gurugram over the next several years and fits within our strategy of deepening our presence across key real estate micro-markets. We will aim to build an outstanding residential community that creates long term value for its residents.”

At around 10:58 AM, Godrej Properties was trading at Rs1201.55 per share lower by 2.15% on the BSE.

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