GODREJ PROPERTIES SECURES STRATEGIC 15-ACRE GURUGRAM LAND DEAL WITH MICROTEK
Godrej Properties has made an extraordinary move in the real estate arena, securing a sprawling 15-acre parcel of land in the thriving Sector 103 of Gurugram. The acquisition, valued at an impressive Rs. 403 crore, underscores the company’s unwavering commitment to innovation and excellence. The sale agreement, formally executed on June 22, 2023, under the entity Godrej Westmark LLP, came with a substantial stamp duty of Rs 28.21 crore, reflecting the substantial nature of this transaction. This 14.8-acre gem strategically nestles near Daulatabad village in Sector 103 of Gurugram, promising boundless potential for future development and expansion. Godrej Properties continues to expand its presence in Gurugram, having previously secured nine acres of prime land in December 2022 for an upscale residential venture. Furthermore, the company is actively shaping luxury residences along the prestigious Golf Course Road in Gurugram, poised to generate an estimated revenue of Rs 3,100 crore.