Godrej Properties wins plots in Gurugram, targets Rs 34 billion

03 Sep 2024 CW Team

In a regulatory filing, Godrej Properties announced that it had emerged as the highest bidder and received the Letter of Intent to develop two group housing plots in prime locations of Gurugram. The plots were acquired through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP).

The first plot, spanning 3.6 acres, is situated in the prestigious Golf Course Road micro-market, while the second plot, measuring 1.97 acres, is strategically located in Sector 39, near NH 48. Together, these land parcels offer a development potential of over 1 million square feet, comprising luxury residential apartments in various configurations.

In the previous fiscal year, Godrej Properties acquired two other prime plots, totalling 5.15 acres and 2.76 acres, in the Golf Course Road area from HSVP. The company plans to launch projects on these plots during the current fiscal year, further strengthening its presence in the Delhi-NCR market.

Gaurav Pandey, MD & CEO, Godrej Properties, expressed confidence in the company's growth, citing strong demand for its projects in the NCR region. He believes these new acquisitions will enhance their development portfolio and meet the continued demand for luxury housing in the market.

Godrej Properties has become a leading player in the Indian real estate sector, achieving record sales bookings of Rs 225 billion in 2023-24. The company aims to reach Rs 275 billion in sales for the current fiscal year. In the first quarter alone, it maintained its top position by selling properties worth Rs 86.37 billion.

The company continues to focus on key markets such as Delhi-NCR, the Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad, while also exploring plotted developments in smaller cities.

(Business Standard)

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Real estate giant Godrej Properties has successfully won the bid for two premium residential plots in Gurugram, with a combined cost of Rs 5.15 billion. The company plans to develop luxury homes on these land parcels, projecting a revenue potential of Rs 34 billion . In a regulatory filing, Godrej Properties announced that it had emerged as the highest bidder and received the Letter of Intent to develop two group housing plots in prime locations of Gurugram. The plots were acquired through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The first plot, spanning 3.6 acres, is situated in the prestigious Golf Course Road micro-market, while the second plot, measuring 1.97 acres, is strategically located in Sector 39, near NH 48. Together, these land parcels offer a development potential of over 1 million square feet, comprising luxury residential apartments in various configurations. In the previous fiscal year, Godrej Properties acquired two other prime plots, totalling 5.15 acres and 2.76 acres, in the Golf Course Road area from HSVP. The company plans to launch projects on these plots during the current fiscal year, further strengthening its presence in the Delhi-NCR market. Gaurav Pandey, MD & CEO, Godrej Properties, expressed confidence in the company's growth, citing strong demand for its projects in the NCR region. He believes these new acquisitions will enhance their development portfolio and meet the continued demand for luxury housing in the market. Godrej Properties has become a leading player in the Indian real estate sector, achieving record sales bookings of Rs 225 billion in 2023-24. The company aims to reach Rs 275 billion in sales for the current fiscal year. In the first quarter alone, it maintained its top position by selling properties worth Rs 86.37 billion. The company continues to focus on key markets such as Delhi-NCR, the Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad, while also exploring plotted developments in smaller cities. (Business Standard)

Infrastructure Urban

30 Aug 2025

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Infrastructure Urban

30 Aug 2025

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Infrastructure Urban

30 Aug 2025

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..