Golf Course Road, an established micro-market recognized for its upscale residential and commercial developments, is a popular area for real estate development.
Godrej Properties, one of India’s top real estate developers, put the highest offer and received the Letter of Intent to develop two group housing plots in an e-auction organized by the Haryana Shehri Vikas Pradhikaran (HSVP).
These two properties are located in the Golf Course Road micro-market. Golf Course Road is a well-established micro-market recognized for its upscale residential and commercial developments, making it a popular area for real estate development.
Because of its well-planned infrastructure and proximity to important landmarks, Golf Course Road offers residents a high-quality living and simple accessibility.
“Our entry into the prestigious Golf Course Road Micro-market with two luxury residential projects marks a significant milestone for Godrej Properties,” said Gaurav Pandey, MD and CEO of Godrej Properties.
It is consistent with our growth strategy and will cement our position as the leading real estate developer in the NCR. Our goal will be to create a fantastic residential environment that provides long-term value to its people.
In an interview, Godrej Properties’ MD and CEO emphasized that the NCR region has led price appreciation in recent years and expressed optimism that prices will likely continue to rise.
Godrej Properties’ profitability is expected to rise from less than 10% of pre-sales to more than 15% as the deployment of its most recent land acquisitions accelerates.