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

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

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

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

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement