Godrej Properties Acquires 11.36 Acres In Gurugram For ₹4,500 Crore Residential Project

Godrej Properties Limited has acquired an 11.36-acre land parcel in Gurugram, Haryana, as part of its ongoing expansion strategy. The company intends to develop a large-scale residential project on the site, with an estimated revenue potential of more than ₹4,500 crore. The acquisition reflects continued activity in the National Capital Region’s housing market amid sustained demand across micro-markets.

Land Acquisition In Sector 63A

The newly acquired land is located in Sector 63A, within the Golf Course Extension Road corridor of Gurugram. The parcel has been secured through an outright purchase and will be developed as a residential community.

This micro-market has witnessed steady interest from homebuyers due to improving infrastructure, connectivity and proximity to commercial hubs.

Revenue Potential And Portfolio Growth

The company has indicated that the proposed project carries an estimated revenue potential exceeding ₹4,500 crore. With this addition, Godrej Properties has reportedly added over ₹40,000 crore in future sales potential to its portfolio during FY26.

According to the management, this level of business development exceeds its initial annual guidance and represents a significant increase in future booking value secured during the financial year.

Strategic Focus On NCR Market

The acquisition strengthens the company’s presence in the National Capital Region by enhancing diversification across Gurugram’s micro-markets. The management has reiterated its focus on addressing regional housing demand through the development of planned residential communities.

The company continues to pursue growth through both outright land acquisitions and joint development agreements with landowners.

Sales Performance And Outlook

Godrej Properties reported a 25 per cent year-on-year increase in sales bookings to ₹24,008 crore during the first nine months of the current financial year. It has maintained its full-year sales booking target of ₹32,500 crore for FY26.

The latest land purchase aligns with its stated objective of expanding its development pipeline while maintaining momentum in pre-sales.

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Conclusion

The acquisition of land in Sector 63A, Gurugram, underscores Godrej Properties’ continued expansion within key residential corridors of NCR. With a sizeable revenue potential attached to the project, the development is expected to contribute to the company’s forward sales pipeline while supporting its broader growth strategy.

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