Godrej Properties acquires two residential plots in Gurugram for Rs 5.15 billion

Godrej Properties (GPL) has become the highest bidder and has received the letter of intent to develop two group housing plots in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The combined bid value for both plots is Rs 5.15 billion.

One plot, measuring 3.6 acre, is located on Golf Course Road, while the other, measuring 1.97 acre, is situated in Sector 39.

Together, these land parcels have a development potential of over 1 million square feet and an estimated revenue potential of more than Rs 34 billion.

In FY24, GPL acquired two prime parcels of land measuring 5.15 acre and 2.76 acre on Golf Course Road from HSVP through an auction and plans to develop them.

Godrej Properties raises Rs 646 million through issue of debentures to investors

The tenor of NCDs is 5 years.

Godrej Properties wins bid for two luxury plots in Gurugram

The plots are expected to be developed into high-end residential projects

Godrej Properties wins plots in Gurugram, targets Rs 34 billion

The plots were acquired through an e-auction conducted by HSVP.