Godrej Properties Wins Bids for Luxury Residential Projects on Gurugram’s Golf Course Road

Godrej Properties, a leading real estate developer, has emerged as the highest bidder and secured the Letter of Intent to develop two group housing plots in Gurugram’s Golf Course Road micro-market. The announcement was made in a regulatory filing, as reported by The Financial Express.
The two prime land parcels, spanning 2.76 acres and 5.15 acres respectively, present an estimated revenue potential of approximately Rs 3,100 crore, according to Godrej Properties. The company’s successful bid in the e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP) highlights its commitment to expanding its presence and contributing to the real estate development in Gurugram.
Golf Course Road is widely recognized as an established micro-market known for its upscale residential and commercial projects, making it a sought-after destination for real estate ventures. With well-planned infrastructure and proximity to prominent landmarks, Golf Course Road offers residents a high-quality lifestyle along with convenient connectivity.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed enthusiasm for the company’s entry into the prime Golf Course Road micro-market with two luxury residential projects. He emphasized that this milestone aligns with their expansion strategy and further solidifies their position as a leading real estate developer in the National Capital Region (NCR). Pandey also stated their commitment to creating an exceptional residential community that delivers long-term value for its residents.
In their previous financial quarter results for 2022-23, Godrej Properties achieved a remarkable 56% increase in sales bookings, reaching an all-time high of Rs 12,232 crore. The strong demand for residential properties propelled this impressive growth. The company’s sales bookings for the fourth quarter alone amounted to Rs 4,051 crore, contributing to the overall sales bookings of Rs 7,861 crore for the entire financial year of 2021-22.
Godrej Properties’ success in securing the two housing plots on Gurugram’s Golf Course Road underscores its commitment to growth and excellence in the real estate sector.