Godrej Properties and Hero Realty are in talks to sell a 14-acre land piece in Gurugram worth roughly Rs 730 crore. The Mumbai-based real estate firm purchased the land in Sector 89 from a local land-aggregating company almost two years before. “The sale of the land is surprising given that Godrej purchased it less than…
Experion Developers has purchased a six-acre land lot in Sector 53 Gurgaon for around Rs 400 crore from the Haryana Shahari Vikas Pradhikaran (HSVP), the state urban development organization. The department had auctioned off another two-acre plot in Sector 56 for Rs 120 crore to TREVOC (The Real Estate Venture of Chawlas), one of the…
Godrej Properties is ready to repurchase all the units sold in the Godrej Summit project in Sector 104, Gurgaon. This decision comes after the concrete used in the construction was found to be contaminated with chloride, causing corrosion in the steel reinforcement when mixed with water. According to Executive Chairperson Pirojsha Godrej, only around 50…
Many developers and local builders have launched a flurry of luxury real estate projects in Delhi-NCR. The healthy offtake and demand for renovating properties in the premium class is the main reason behind this. The publicly traded real estate company is still optimistic about India’s housing market and anticipates strong sales momentum to continue as…
One of the established micro-market known for its upmarket residential and commercial construction, Golf Course Road is a desirable location for real estate development. An e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP) revealed that Godrej Properties, one of India’s top real estate developers, had placed the highest offer and won the Letter of…
Godrej Properties Limited, a major participant in the real estate industry, announced that it has purchased roughly 15 acres of land parcel in Gurugram, Haryana, for the construction of premium residential developments. The corporation stated in a filing to the stock exchanges that the land was purchased outright. However, the cost of purchasing the land…
The focus is now on land purchases as real estate developers are picking up the pace with new projects as major companies have high sales goals for themselves beginning this year. According to JLL India report, approximately 100 land transactions encompassing a region with a 209 million square foot development potential occurred between January 2022…
Real estate developers have purchased over 2,200-acre land parcels for around Rs 26,000 crore since January last year, primarily to create residential developments as per JLL India. The developers have bought around 2,181 acres of land area in the last 17 months (January 2022-May 2023) valued at over Rs 26,000 crore, with an estimated development…
According to a top corporate official, Godrej Properties estimates a 14% increase in sale bookings this year to a record Rs 14000 crore due to strong housing demand. Godrej Executive Chairman Pirojsha Godrej told that the company’s performance in 2022-2023 was very solid on all essential indicators such as sale bookings, cash collections from clients,…
Godrej Properties Limited, encouraged by the strong housing demand, purchased 18 land parcels in 2023 for the development of new projects with an estimated sales potential of more than 32,000 crores. The Mumbai-based Godrej Properties, a part of the behemoth Godrej Group, stated that it will add new land parcels with a sales revenue potential…