Godrej Properties acquires 9-acre land in Gurugram for housing project

30 Dec 2022 CW Team

Godrej Properties has bought an about 9-acre land in Gurugram to develop a housing project with sales potential of Rs 25 billion. It has acquired the land through an outright purchase. It did not mention the deal value and the name of the seller.

This project will offer about 1.6 million sq ft of premium residential development. The project will have an estimated revenue potential of about Rs 25 billion. The site is strategically located with easy access from Golf Course Road Extension, also known as Southern Peripheral Road.

Gaurav Pandey, MD & CEO Designate, Godrej Properties, said, "Gurugram is an important market for us and we are happy to add this city center land parcel to our portfolio." This project will allow us to significantly increase our market share in Gurugram over the next several years, he added.

Sitting on a huge cashpile with plans to invest USD 1 billion, Godrej Properties is acquiring land -- through outright purchase and partnership with land owners, for future development. Earlier this week, Godrej Properties purchased about 62 acre land in Kurukshetra, Haryana for over Rs 1 billion to develop a plotted residential project.

In this month only, Godrej Properties has bought a 18.6-acre land at Kandivali in Mumbai to develop a premium housing project with an estimated sales revenue of Rs 70 billion. It also partnered with landowner for joint development of 14.27 acre of land in Gurugram and expects around Rs 30 billlion sales revenue from development of a housing project on this land.

Also Read
BRO completes 2 bridges near China border in Uttarakhand
Airtel may hike capex to Rs 280 bn for 5G rollout

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..