Godrej Properties (GPL) has emerged as the highest bidder and has secured the letter of intent to develop two group housing plots in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The combined bid value for both the plots is Rs 515 crore.
The plot measuring 3.6 acres is located in Golf Course Road whereas the plot measuring 1.97 acres is located in sector 39.
The land parcels together will offer a development potential of over 1 million sq ft and an estimated revenue potential of over Rs 3,400 crore.
In FY24, GPL bought two prime parcels of 5.15 acres and 2.76 acres in Golf Course Road from HSVP at auction and plans to launch both these projects in FY25.The company also won auctions for two land parcels in Greater Noida in the current quarter.
