Godrej Properties Limited has informed the Exchange regarding a press release dated March 04, 2026, titled "Press Release".
GODREJPROP · price
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Awaiting price reaction for this filing.
Godrej Properties has acquired an 11.36-acre land parcel in Sector 63A, Golf Course Extension Road, Gurugram, through an outright purchase. The plot will be developed into a premium residential project featuring a mix of low-rise and high-rise homes, with an estimated revenue potential of over INR 4,500 crore. According to MD & CEO Gaurav Pandey, this acquisition pushes the company's FY26 portfolio additions past INR 40,000 crore in future sales potential, which is 2X its full-year business development guidance and the best year on record for business development. The project strengthens GPL's presence in the NCR micro-market, a high-demand corridor with strong connectivity to Golf Course Road, Sohna Road, and NH-48.
Positive for shareholders — the acquisition adds a high-revenue-potential asset in a premium micro-market and reinforces strong FY26 business momentum, supporting future booking value and growth outlook. May be viewed favorably by the market as it signals continued aggressive expansion.