Prime Highlights
- Godrej Properties has acquired 11.36 acres in Sector 63A, Gurugram, with an estimated revenue potential of ₹4,500 crore.
- The company plans to develop a premium residential project, strengthening its footprint in a high-demand NCR micro-market.
Key Facts
- The land is located on Golf Course Extension Road in Gurugram, a fast-growing hub for residential, commercial and retail developments.
- The project will feature a mix of low-rise and high-rise homes along with modern lifestyle amenities.
 Background:
Godrej Properties has bought an 11.36-acre land parcel in Sector 63A on Golf Course Extension Road in Gurugram. The project has an estimated revenue potential of ₹4,500 crore. The company plans to build a premium housing project there, expanding its presence in one of NCR’s busy real estate areas.
The development will include both low-rise and high-rise homes with modern amenities. Golf Course Extension Road has become a popular location for residential, commercial and retail projects in recent years. Strong infrastructure growth and connectivity have supported steady demand in the area.
Managing Director and CEO Gaurav Pandey said the latest acquisition has pushed the company’s total portfolio additions for FY26 to over ₹40,000 crore in future sales potential. He described the performance as twice the company’s annual business development guidance, making it the strongest year for new additions so far.
The Gurugram purchase follows another major expansion move last month, when the company entered into a joint development agreement for an 18-acre land parcel in Thane, Mumbai. That project carries a revenue potential of over ₹7,500 crore, further expanding the company’s footprint in key urban markets.
Earlier in February, Pandey had said demand across the company’s main micro-markets remains resilient and largely driven by end users, even as speculative activity slows in parts of NCR. He added that the company will continue to focus on steady project launches, sustained booking momentum and disciplined capital deployment to support consistent growth.
Shares of Godrej Properties closed flat at ₹1,729.3 in the previous session. The stock has declined 13.7% over the past six months, even as the company continues to add significant projects to its development pipeline.
With this latest acquisition, the developer signals confidence in housing demand and long-term growth in the NCR property market.