Godrej Properties (GPL) has emerged as the highest bidder (H1) and has secured the letter of intent (LoI) to develop a group housing plot in Gurugram, through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP).
The plot, measuring 7.5 acres, is located in Golf Course Road and will offer a development potential of over 1.7 million sq. ft., comprising luxury residential apartments of varied configurations, with revenue potential standing in excess of Rs 5,500 crore.
In FY24, GPL acquired two prime parcels measuring 5.15 acres and 2.76 acres.
This is the 11th new project GPL has acquired in FY25, taking the booking value added through new projects to Rs 22,950 crore, surpassing its full year business development guidance of Rs 20,000 crore.