Godrej Properties is declared the highest bidder for Two Luxury Group Housing Plots in Golf Course Road micro-market, Gurugram

Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India's leading real estate developers, today announced that it has emerged as the highest bidder and has secured the Letter of Intent to develop two group housing plots through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). These two land parcels are strategically located in the prestigious Golf Course Road micro-market. Golf Course Road is an established micro-market renowned for its upscale residential and commercial developments, making it an attractive destination for real estate development. With its well-planned infrastructure and proximity to prominent landmarks, Golf Course Road offers residents a high-quality lifestyle and convenient connectivity.

The two prime projects spread over 2.76 acres and 5.15 acres respectively shall have a combined estimated revenue potential of approximately INR 3,100 crore*.

Gaurav Pandey, MD & CEO, Godrej Properties, said, "Our foray into the prime Golf Course Road Micro-market with two luxury residential projects marks a significant milestone for Godrej Properties. It aligns well with our expansion strategy and will further solidify our position as a leading real estate developer in NCR. We will aim to build an outstanding residential community that creates long-term value for its residents."

* On the basis of the current business assumptions.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1597.85 as compared to the previous close of Rs. 1600.15. The total number of shares traded during the day was 20585 in over 2170 trades.

The stock hit an intraday high of Rs. 1610.45 and intraday low of 1581.50. The net turnover during the day was Rs. 32892099.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 HighestBidder LOI GroupHousingPlots eAuction HaryanaShehriVIkasPradhikaran