The proposed project envisages the development of a Residential Group Housing Project in Gurugram, Haryana by Godrej Properties on 14.27 acres of land and will have an estimated revenue potential of approximately INR 3,000 Crore.
Godrej Properties Residential Group Housing Project:
Godrej Properties Ltd. (GPL), one of India’s top real estate developers, announced today (23rd December 2022) that it has secured a contract for the development of 14.27 acres of land in Gurugram, Haryana. The project’s estimated overall cost is INR 3,000 crore.
The development will consist primarily of luxurious apartments. This will be one of GPL’s largest residential complexes in Gurugram, greatly enhancing its local footprint. The site is strategically located, with quick access to both Northern Peripheral Road and Interstate 48.
Gaurav Pandey, MD & CEO Designate, Godrej Properties, said that they were pleased to announce the addition of this large and strategically important project in Gurugram. This project will allow them to significantly increase their market share in Gurugram over the next several years and fits within their strategy of deepening their presence across key real estate micro-markets.
They will aim to build an outstanding residential community that creates long term value for its residents, he said further.
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