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Godrej Properties Wins Bid for Gurugram Housing Plots

Posted by Pal on July 14, 2023

Godrej Properties, one of India’s leading real estate developers. They have won the bid to acquire two group housing plots in Gurugram, Haryana. The company plans to develop luxury housing projects on these plots. It is a potential saleable area of 1.2 million square feet.

How Godrej Acquired the Plots

The company secured the letter of intent from the Haryana Shehri Vikash Pradhikaran (HSVP). Formerly known as the Haryana Urban Development Authority (HUDA), through an e-auction process. The bid amount was around Rs 450 crore, according to media reports.

What Godrej Properties Plans to Offer

The company said that the projects will offer premium amenities and facilities to homebuyers. The goal is to cater to the market’s high-end segment. The projects will have a combined area of 12.5 acres in Sector 65 and Sector 83 of Gurugram.

The company expects to generate a revenue of Rs 3,100 crore. Expected time period for these projects is over the next four to five years.

Why Godrej Properties Chose Gurugram

Pirojsha Godrej, Executive Chairman of Godrej Properties, said, “We are happy to add these two new projects in Gurugram, which is one of the largest residential markets in India. This fits well with our strategy of building our presence across the country’s leading real estate markets. We look forward to delivering outstanding homes to our customers.”

Godrej has been expanding its presence in the National Capital Region (NCR), which includes Delhi, Gurugram and Noida. The company currently has 17 projects in NCR, of which 11 are in Gurugram.

The company is known for its quality construction, timely delivery and customer satisfaction. It has won several awards and accolades for its projects, such as Godrej Golf Links in Greater Noida, Godrej Air in Gurugram and Godrej Meridien in Dwarka Expressway.

Godrej Properties Gurugram to become one of NCR’s most sought-after destinations for luxury living.

You can also read- Prestige Group Sales Growth: 30% Increase in Q1FY24

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