Godrej Properties Ltd. (GPL), today announced that it has entered into an agreement for development of 14.27 acres of land in Gurugram, Haryana. The development will comprise predominantly of premium residential apartments. This will be one of GPL’s largest residential developments in Gurugram and significantly strengthens its presence in the city. The site is strategically located with easy access to National Highway 48 and Northern Peripheral Road.

Gaurav Pandey, MD & CEO Designate, Godrej Properties, said, “We are pleased to announce the addition of this large and strategically important project in Gurugram. This project will allow us to significantly increase our market share in Gurugram over the next several years and fits within our strategy of deepening our presence across key real estate micro-markets. We will aim to build an outstanding residential community that creates long term value for its residents”

Also Read: Godrej Properties acquires 18-acre land parcel in Kandivali, Mumbai

You May Also Like

Pune housing prices rise in Q2 2022

Pune saw a 5 percent rise in housing prices to ₹7,681 per…

Carmichael Road Flat Sold For Rs 1.22 Lakh Per Sq Ft

An apartment on Mumbai’s Carmichael Road was sold on Tuesday for Rs…

Court Strikes Down Maharashtra’s Attempt to Halve Compensation for National Highway Acquisitions – “Centre’s Rule Prevails, You Get Double!”

In a major relief for landowners, the Bombay High Court has struck down Maharashtra’s notifications and GRs that tried to cap the compensation multiplier at 1.00 for national highway projects, upholding the Central Government’s 2.00 factor and ordering a fresh, higher award within six weeks.

Prices in premium markets of the top 3 cities continue growth streak

The premium residential market in major cities is seeing notable price appreciation,…