A real estate developer has executed a sale deed to acquire land measuring approximately 14.65 acres in Gurugram’s Sector 37D. The land has a total potential developable area of around 2.7 million sq. ft. The developer plans to launch a residential project on this land in FY25–26.
During FY24, the company sold over 4,600 units at an average ticket size of ?16 million. Its sales for the year stood at ?72.7 billion, reflecting a growth of 112% from ?34.3 billion in the previous fiscal. Collections during FY24 were ?31.1 billion, up 62% from ?19.2 billion in FY23.
The developer has added approximately 17 million sq. ft. in another sector of Gurugram during the year. Ongoing projects are expected to be completed by FY26, with estimated revenue recognition of about ?120 billion over FY24–FY26.
