The plot is located in Sector 63A and forms part of the Golf Course Extension Road micro-market. The area has matured into a high-demand destination for residential, commercial and retail developments, the company said.
“With this new project, we have now added over ₹40,000 crore of future sales potential through portfolio additions in FY26. This represents delivery of 2x our business development guidance for the full financial year and makes it our best ever year,” Godrej Properties’ MD and CEO Gaurav Pandey said.
Last month, Godrej Properties entered a joint development agreement to develop an 18-acre land parcel in Thane, Mumbai with a revenue potential of over ₹7,500 crore.Earlier in February, Pandey had told CNBC-TV18 that the company is estimating demand in its key micro-markets to remain resilient and largely end-user driven, even as speculative activity cools in parts of NCR.
He said, going forward, the company’s strategy will continue focusing on steady launch execution, sustaining booking momentum and disciplined capital deployment, as the management was confident of consistent operating performance supporting growth, despite near-term market volatility.
Shares of Godrej Properties ended the previous session flat at ₹1,729.3 apiece. The stock has declined 13.7% in the last six months.
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