Godrej Properties Purchases TDR Certificates for Gurugram Project
Real Estate

Godrej Properties Purchases TDR Certificates for Gurugram Project

Godrej Properties has strengthened its Gurugram project by acquiring Transferable Development Rights (TDR) certificates. This strategic move is aimed at enhancing the development potential and optimising space utilisation for its upcoming project in Gurugram.

TDR certificates allow developers to increase permissible construction area or floor space by transferring development rights from one location to another within municipal limits. By procuring these certificates, Godrej Properties aims to leverage additional building potential and maximise the project's scale and profitability.

The acquisition of TDR certificates underscores Godrej Properties' commitment to delivering innovative and sustainable real estate solutions in Gurugram's competitive market. The company continues to explore avenues to enhance project viability and cater to evolving customer preferences.

Gurugram, known for its rapid urbanisation and commercial growth, presents lucrative opportunities for real estate development. Godrej Properties' strategic investment in TDR certificates aligns with its long-term vision of creating value through quality developments that meet the growing demands of urban living and business environments.

As Godrej Properties moves forward with its Gurugram project, stakeholders anticipate positive outcomes from the integration of TDR certificates, including enhanced project economics and accelerated development timelines. The company remains focused on delivering excellence and sustainability in every aspect of its real estate ventures.

Godrej Properties has strengthened its Gurugram project by acquiring Transferable Development Rights (TDR) certificates. This strategic move is aimed at enhancing the development potential and optimising space utilisation for its upcoming project in Gurugram. TDR certificates allow developers to increase permissible construction area or floor space by transferring development rights from one location to another within municipal limits. By procuring these certificates, Godrej Properties aims to leverage additional building potential and maximise the project's scale and profitability. The acquisition of TDR certificates underscores Godrej Properties' commitment to delivering innovative and sustainable real estate solutions in Gurugram's competitive market. The company continues to explore avenues to enhance project viability and cater to evolving customer preferences. Gurugram, known for its rapid urbanisation and commercial growth, presents lucrative opportunities for real estate development. Godrej Properties' strategic investment in TDR certificates aligns with its long-term vision of creating value through quality developments that meet the growing demands of urban living and business environments. As Godrej Properties moves forward with its Gurugram project, stakeholders anticipate positive outcomes from the integration of TDR certificates, including enhanced project economics and accelerated development timelines. The company remains focused on delivering excellence and sustainability in every aspect of its real estate ventures.

Next Story
Infrastructure Energy

We are among the global top 3 in tech adopti

As energy gains global importance, L&T has built a strong presence across hydrocarbons, power, renewables and green technologies. With energy contributing significantly to its revenues, the company is now focused on sustainability and future readiness. In conversation with PRATAP PADODE, Editor-in-Chief, CW, Subramanian Sarma, Deputy Managing Director & President, L&T outlines the company’s strategy for transition, talent and technology.With energy becoming increasingly vital and a key contributor to L&T’s revenues, how do you see the segment evolving?We’ve been..

Next Story
Real Estate

Redevelopment Rush!

Mumbai is on the cusp of an urban transformation, driven by the pressing need to replace ageing, unsafe buildings with modern, high-density developments. The scale and pace of redevelopment across the city is unprecedented – and yet fraught with complexity.Redevelopment has become a defining strategy for urban renewal in Mumbai. One of the most challenging aspects is the displacement it entails – residents are often required to vacate their homes and live in transit accommodations until the new structures are ready. This raises valid concerns: Will the transit housing meet our needs? Will ..

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Achieves Sales Value of Rs 400 Bn

On National MSME Day, Vedanta, India’s leading critical minerals, transition metals, energy and technology conglomerate announced that its non-ferrous metals e-store has achieved a staggering Rs 400 billion in total sales value. Operated under the name of Vedanta Metal Bazaar, it is the world’s largest non-ferrous metals e-store offering more than 1200 stock keeping units (SKUs) across metals such as aluminium, zinc, lead and copper. The platform brings ease-of-doing business for customers on their fingertips by providing a streamlined, digital-first solution that enables businesses to pro..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?