Godrej Properties Ltd. (GPL) has announced that it has acquired 11.36 acres of land for residential development in Gurugram, Haryana, through an outright purchase. This project will offer residential development with an estimated revenue potential of over INR 4,500-crore*, comprising a mix of premium low-rise and high-rise residencies, along with exceptional lifestyle amenities.
The plot is strategically located in Sector
63A, one of the prime sectors of Gurugram. It forms part of the Golf Course
Extension Road micro-market, a major growth corridor with strong connectivity
to Golf Course Road, Sohna Road, and NH-48.
* On the basis of current business assumptions.