New Delhi, Oct 25 (PTI) Realty firm Godrej Properties has won a bid to acquire 7.5-acre land in Gurugram to develop a luxury housing project with a revenue potential of more than Rs 5,500 crore. In a regulatory filing on Friday, Godrej Properties said it has emerged as the "highest bidder for a luxury group housing plot on Golf Course Road in Gurugram with a revenue potential in excess of Rs 5,500 crore.
" Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for October 24, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. The company has secured the Letter of Intent to develop a group housing plot at Golf Course Road through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot, measuring 7.
5-acre, has a development potential of over 1.7 million square feet, comprising luxury residential apartments of varied configurations. Also Read | Shillong Teer Results Today, October 24 2024: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.
Godrej Properties has acquired 11 new land parcels so far this fiscal. These projects are estimated to generate a total revenue of Rs 22,950 crore. The company had given guidance that it would add various land parcels this fiscal, with a total revenue potential of Rs 20,000 crore.
In the last fiscal, Godrej Properties acquired two prime parcels measuring 5.15-acre and 2.76-acre in the Golf Course Road micr.