Godrej Prop buys land parcels for ₹1,325 crore

New Delhi: Realty firm Godrej Properties has purchased two land parcels totalling over 16 acres in Gurugram and Kolkata for about ₹1,325 crore to develop housing projects, as it looks to expand business amid strong demand.

The company has bought an 11.36-acre parcel in Gurugram for around ₹1,000 crore and also won a bid to acquire a 5-acre land parcel in Kolkata for about ₹325 crore.

Godrej Properties is expecting a total revenue of around ₹6,150 crore from the upcoming residential projects on these two land parcels.


In a regulatory filing on Wednesday, Godrej Properties informed that it has acquired 11.36 acres of land for a residential project in Gurugram, Haryana, through an outright purchase.