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Godrej Properties secures LoI to develop group housing plot at Golf Course Road in Gurugram

25 Oct 2024 Evaluate

Godrej Properties (GPL) has emerged as the highest bidder and has secured the Letter of Intent (LoI) to develop a group housing plot at Golf Course Road in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot, measuring 7.5 acres is located in the prestigious Golf Course Road micro-market and will offer a development potential of over 1.7 million square feet, comprising of luxury residential apartments of varied configurations, with an estimated revenue potential in excess of Rs 5,500 crore.

In FY24, GPL acquired two prime parcels measuring 5.15 acres and 2.76 acres in the Golf Course Road micro-market from HSVP through auction and plans to launch both these projects in the current financial year. The estimated revenue potential of GPL’s developable land on Golf Course Road in Gurgaon is in excess of $1.5 billion.

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.


Godrej Properties Share Price

2099.55 9.90 (0.47%)
17-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 1189.45
Dilip Buildcon 409.00
Sobha 1464.65
Oberoi Realty 1894.90
Ahluwalia Contract(I 853.45
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