Godrej Properties acquires 9 acres of land in Gurugram to develop premium residential space

Godrej Properties acquires 9 acres of land in Gurugram to develop premium residential space

by 5paisa Research Team Last Updated: Dec 29, 2022 - 12:55 pm 5.7k Views
Listen icon

The project has an estimated revenue potential of about Rs 2,500 crore.

A subsidiary of Godrej Group and India’s one of the leading real estate developers acquires 9 acres of land to develop premium residential development in Gurugram, Haryana. The project will offer about 1.6 million square feet to develop premium residential space with best-in-class lifestyle amenities. According to the regulatory filing, the project has a revenue potential of approximately Rs 2,500 crore.

The regulatory filing of Godrej Properties also stated that this site is strategically located with easy access from golf course road extension, which is also known as southern peripheral road. Golf Course Road Extension is one of the most premium micro-markets of NCR offering quality residential, corporate and retail developments.

Gaurav Pandey, MD & CEO Designate, Godrej Properties, said, “Gurugram is an important market for us and we are happy to add this city center land parcel to our portfolio. Golf Course Road Extension is an established and premium micro-market with good civic and social infrastructure. We aim to build premium residential spaces with best-in-class amenities. This project will allow us to significantly increase our market share in Gurugram over the next several years and fits within our strategy of strengthening our presence in key micro markets”.

Earlier on December 26, 2022, Godrej properties informed that it has acquired 62-acre land in Kurukshetra, Haryana.

Today, the stock opened at Rs 1245.00 and made a high and low of Rs 1245.00 and Rs 1207. The stock previously closed at Rs 1232.60. Currently, the stock is trading at Rs 1209.80, down by 1.85%.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.