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Godrej Properties acquires land in Gurugram, Kolkata; locks in ₹6,150 crore residential project pipeline

BENGALURU: India's top-selling developer, Godrej Properties Ltd (GPL), on Wednesday announced the acquisition of two land parcels in Kolkata and Gurugram for residential development, with a combined estimated revenue potential of ₹6,150 crore. The 5-acre Kolkata site, located off EM Bypass, was acquired through an e-auction conducted by the West Bengal Housing Infrastructure Development Corp. Ltd.

Godrej Properties acquires land in Gurugram, Kolkata; locks in  ₹6,150 crore residential project pipeline

Credit: Livemint

Key Highlights

  • The premium residential project planned on the site is expected to generate ₹1,650 crore in revenue.
  • The second acquisition is an 11.36-acre plot in Gurugram’s Sector 63A, purchased outright for a premium residential development with an estimated revenue potential exceeding ₹4,500 crore.
  • The project will feature a mix of low-rise and high-rise premium residences.
  • “…We have now added over ₹40,000 crore of future sales potential through portfolio additions in 2025-26.
  • 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," said Gaurav Pandey, managing director and chief executive, Godrej Properties.
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Sources

  1. Godrej Properties acquires land in Gurugram, Kolkata; locks in ₹6,150 crore residential project pipeline

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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