+
Godrej Properties acquires land in Gurugram
Real Estate

Godrej Properties acquires land in Gurugram

On June 22, 2023, the sale deed for a 14.8-acre land parcel near Daulatabad village in Gurugram's Sector 103 was executed in the name of Godrej Vestmark LLP. The transaction involved a stamp duty payment of Rs 28.21 crore. However, there has been no immediate response from Godrej or Microtek regarding this development.

Godrej, a Mumbai-based real estate company, confirmed the land acquisition through an outright purchase in a filing to the stock exchanges on September 22. The company did not disclose the revenue potential of the project to be developed on the newly acquired land.

In November 2022, Godrej acquired two adjacent land parcels measuring 12.4 acres in Noida for Rs 377 crore. These parcels, located in Noida's Sector 146, will be used for residential group housing projects.

Previously, in December 2022, Godrej had purchased nine acres of land in Gurugram through an outright purchase for a premium residential project. Additionally, Godrej Properties is involved in developing luxury homes with a revenue potential of Rs 3,100 crore at Golf Course Road in Gurugram.

Godrej Properties, a subsidiary of the Godrej Group, is a prominent real estate developer, primarily focusing on residential projects in Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, and Pune.

On June 22, 2023, the sale deed for a 14.8-acre land parcel near Daulatabad village in Gurugram's Sector 103 was executed in the name of Godrej Vestmark LLP. The transaction involved a stamp duty payment of Rs 28.21 crore. However, there has been no immediate response from Godrej or Microtek regarding this development. Godrej, a Mumbai-based real estate company, confirmed the land acquisition through an outright purchase in a filing to the stock exchanges on September 22. The company did not disclose the revenue potential of the project to be developed on the newly acquired land. In November 2022, Godrej acquired two adjacent land parcels measuring 12.4 acres in Noida for Rs 377 crore. These parcels, located in Noida's Sector 146, will be used for residential group housing projects. Previously, in December 2022, Godrej had purchased nine acres of land in Gurugram through an outright purchase for a premium residential project. Additionally, Godrej Properties is involved in developing luxury homes with a revenue potential of Rs 3,100 crore at Golf Course Road in Gurugram. Godrej Properties, a subsidiary of the Godrej Group, is a prominent real estate developer, primarily focusing on residential projects in Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, and Pune.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code