New Project to Fuel Real Estate Growth in NCR and Strengthen Godrej’s Portfolio

Mumbai, October 25: In a major development in the National Capital Region (NCR) real estate sector, Godrej Properties Ltd. (GPL), a prominent name in Indian real estate, has emerged as the top bidder to acquire a luxury group housing plot on the prestigious Golf Course Road in Gurugram. Through an e-auction conducted by Haryana Shehri Vikas Pradhikaran (HSVP), GPL secured the coveted 7.5-acre plot, a prime parcel of land with immense potential for luxury development. The project is expected to generate revenue exceeding INR 5,500 crore upon completion, solidifying GPL’s presence in the upscale Gurugram market.

Key Expansion in NCR Market Surpasses Business Development Goals

This latest acquisition marks GPL’s 11th project in FY25, and it has helped the company surpass its full-year business development guidance of INR 20,000 crore, adding a total booking value of INR 22,950 crore across its projects. The new project on Golf Course Road is anticipated to cover over 1.7 million square feet of luxury residential space, catering to a growing demand for high-end living in one of the most sought-after regions in the country.

Strategic Acquisition Boosts Luxury Residential Development in Gurugram

This isn’t GPL’s first major acquisition on Golf Course Road. The company previously acquired two prime parcels—one measuring 5.15 acres and another at 2.76 acres—from HSVP in FY24. Both of these projects are set for launch within the current financial year, with all three developments combining for an estimated revenue potential exceeding USD 1.5 billion. This continuous expansion underscores the growing appetite for luxury real estate in the NCR, driven by its appeal among high-net-worth individuals and affluent families.

MD & CEO Gaurav Pandey Highlights GPL’s Confidence in the NCR Market

Expressing his excitement about the new project, Gaurav Pandey, MD & CEO of Godrej Properties, stated, “We have witnessed strong demand for our projects in the NCR market, demonstrating the huge trust and confidence which our customers have placed in us. I am very confident that this new acquisition will further strengthen our development portfolio in NCR as well as cater to strong demand for our products in this market. We will aim to build outstanding residential communities that create long-term value for its residents.”

Golf Course Road – A Hotspot for Luxury Living

Golf Course Road in Gurugram is well-regarded for its premium residential and commercial projects, drawing high-end buyers and investors alike. The area’s robust infrastructure, proximity to Delhi, and strategic connectivity make it a prime location for luxury real estate, aligning perfectly with GPL’s strategy to cater to an elite customer base.

This acquisition by Godrej Properties not only reflects the sustained demand for upscale housing in Gurugram but also points to the broader trend of luxury real estate development in the NCR.