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Godrej Properties Limited, one of India’s leading real estate developers, announced that it had signed a development agreement for 14.27 acres of land in Gurugram, Haryana. The proposed development on 14.27 acres of land is expected to generate approximately 3,000 crores in revenue.
The majority of the Godrej properties’ limited development will be premium residential apartments. This will be one of GPL’s largest residential developments in Gurugram, bolstering the company’s presence in the city significantly.
The site is conveniently located near National Highway 48 and the Northern Peripheral Road. “We are pleased to announce the addition of this large and strategically important project in Gurugram,” said Gaurav Pandey, MD & CEO, Godrej Properties.
This project will enable us to significantly increase our market share in Gurugram over the next several years. It is consistent with our strategy of expanding our presence in key real estate micro-markets. We intend to create an outstanding residential community that provides long-term value to its residents.
Know About Godrej Properties Limited
Godrej Properties brings to the real estate industry the Godrej Group philosophy of innovation, sustainability, and excellence.
Each Godrej Properties project combines a 125-year tradition of excellence and trust with a dedication to cutting-edge design, technology, and sustainability.
Godrej Properties will be India’s largest developer in terms of the value and volume of residential sales in the Financial Year 2021.
It’s expected that the consolidated net profit will increase by 53.8% to Rs 54.96 crore in the second Quarter of Financial Year 2023 over the second quarter of Financial Year 2022, with net sales increasing by 27.7% to Rs 165.09 crore.
Source- The Economic Times