Godrej Properties Ltd (GPL) has acquired two land parcels in Kolkata and Gurugram for premium residential projects with a combined estimated revenue potential of ₹6,150 crore. The company said the additions strengthen its FY26 business development pipeline and take the total future sales potential added this year to more than ₹40,000 crore, according to company statements on March 4.
Godrej Properties said it emerged as the highest bidder in an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) for a land parcel of about 5 acres off EM Bypass in Kolkata. The site sits in an established residential micro-market with strong connectivity and social infrastructure.
The company estimates the proposed premium residential development on this Kolkata parcel will generate about ₹1,650 crore in revenue. In its statement, GPL said the project will target demand from homebuyers looking for well-connected locations and upgraded lifestyle offerings in the city.
GPL also acquired an 11.36-acre land parcel in Gurugram’s Sector 63A through an outright purchase for a premium residential project. The company said the plot lies in the Golf Course Extension Road micro-market, which connects to Golf Course Road, Sohna Road, and NH-48.
The Gurugram project has an estimated revenue potential of more than ₹4,500 crore and will include a mix of low-rise and high-rise homes, based on company disclosures cited in reports. This makes the NCR acquisition the larger of the two transactions announced on March 4.
GPL said the two transactions lift its FY26 portfolio additions to over ₹40,000 crore in future sales potential, which the company described as twice its full-year business development guidance. Managing Director and CEO Gaurav Pandey said this marks the company’s best year for business development by future booking value added.
The announcement follows a period of continued project additions and launches. GPL said it remains on course to meet its sales guidance for the year, backed by a stronger project pipeline and steady demand for premium homes. The two new land deals also fit a wider market pattern, as large branded developers keep expanding in high-demand urban locations across India.
In terms of project value, the contribution is clearly split between the two cities. The Kolkata project has an estimated revenue potential of ₹1,650 crore. The Gurugram development could generate more than ₹4,500 crore. Taken together, these additions expand the potential housing supply in two key markets and give GPL greater visibility into future bookings.