Godrej Properties becomes the highest bidder for luxury group housing plots in Golf Course Road micro-market in Gurugram
Godrej Properties Ltd. (GPL), a prominent real estate developer in India, has secured the position of the highest bidder and obtained the Letter of Intent for the development of two group housing plots in the esteemed Golf Course Road micro-market. The auction, conducted by the Haryana Shehri Vikas Pradhikaran (HSVP) through e-auction, has granted Godrej Properties the opportunity to undertake these two prime projects, which collectively span 2.76 acres and 5.15 acres, respectively. Based on current business assumptions, these ventures hold an estimated revenue potential of approximately INR 3,100 crore.
Dotted by the upscale residential and commercial developments, the Golf Course Road micro-market has already emerged ast an attractive destination for real estate ventures. Its strategic location and well-planned infrastructure, along with its proximity to prominent landmarks, provide residents with a high-quality lifestyle and convenient connectivity.
Gaurav Pandey, the Managing Director and CEO of Godrej Properties, said that the company’s entry into the Golf Course Road micro-market with two luxury residential projects marks a significant milestone.
By securing these two luxury group housing plots, Godrej Properties is set to embark on a noteworthy venture that will enhance its presence and reputation in the real estate market, specifically in the NCR region.
