Stock Report

Godrej Properties acquires 11 acre land parcel on Golf Course Extension Road in Gurugram

Posted On : 2026-03-04 16:06:43( TIMEZONE : IST )

Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India's leading real estate developers, today announced that it has acquired 11.36 acres of land for residential development in Gurugram, Haryana, through an outright purchase. This project will offer residential development with an estimated revenue potential of over INR 4,500 Crore*, comprising a mix of premium low-rise and high-rise residencies, along with exceptional lifestyle amenities.

The plot is strategically located in Sector 63A, one of the prime sectors of Gurugram. It forms part of the Golf Course Extension Road micro-market, a major growth corridor with strong connectivity to Golf Course Road, Sohna Road, and NH-48. The micro-market has matured into a high-demand destination for residential, commercial, and retail developments.

Gaurav Pandey, MD & CEO, Godrej Properties, said, "With this new project, we have now added over INR 40,000 crore of future sales potential through portfolio additions in FY 26. This represents delivery of 2X our business development guidance for the full financial year and makes it our best ever year for business development in terms of future booking value locked in. We believe this positions Godrej Properties well to deliver sustained strong growth in the years ahead.

Golf Course Extension Road has established itself as one of the most desirable micro-markets in NCR, offering a mix of both high-end commercial spaces and premium residential properties. This new acquisition will further enhance our development portfolio in NCR, with good diversification across micro-markets, enabling us to cater to the region's robust demand. Our focus remains on building exceptional residential communities that generate lasting value for residents."

* On the basis of current business assumptions.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1733.55 as compared to the previous close of Rs. 1729.35. The total number of shares traded during the day was 27938 in over 3625 trades.

The stock hit an intraday high of Rs. 1738.45 and intraday low of 1670.00. The net turnover during the day was Rs. 47607047.00.