Realty major Godrej Properties Ltd has acquired an 11.36-acre land parcel in Gurugram to develop a residential project with an estimated revenue potential of more than Rs 4,500 crore, as part of its expansion strategy in the National Capital Region, PTI reported.In a regulatory filing on Wednesday, the company said it has purchased the land outright for residential development in Gurugram, Haryana. “This project will offer residential development with an estimated revenue potential of over Rs 4,500 crore,” the company said.The land parcel is located in Sector 63A and forms part of the Golf Course Extension Road micro-market, one of the key residential corridors in the city.
“With this new project, we have now added over Rs 40,000 crore of future sales potential through portfolio additions in FY 26. This represents delivery of 2X our business development guidance for the full financial year and makes it our best-ever year for business development in terms of future booking value locked in,” said Gaurav Pandey, MD & CEO of Godrej Properties.He added that the company remains well positioned to deliver sustained growth in the coming years.
“This new acquisition will further enhance our development portfolio in NCR, with good diversification across micro-markets, enabling us to cater to the region’s robust demand. Our focus remains on building exceptional residential communities that generate lasting value for residents,” Pandey said.Godrej Properties is among the leading real estate developers in India and expands its portfolio through outright land purchases as well as joint development agreements with landowners.The company reported a 25 per cent rise in sales bookings to Rs 24,008 crore during the first nine months of the current fiscal year and remains confident of achieving its full-year sales target of Rs 32,500 crore for FY 2025-26.
