Godrej Properties (GPL), one of India's leading real estate developers, today announced the expansion of its residential portfolio in NCR, with an addition of a new residential project in Gurgaon.

This project will offer approximately 70,500 square meters (approximately 7.5 lakh sq. ft.) of saleable area and will be developed as a modern group housing development. This project is situated in an established location within Gurgaon City and has excellent connectivity to the various key micro-markets in Gurgaon.

This is GPL's twelfth project within the National Capital Region (NCR). Within five years of entering the NCR market, Godrej Properties has established itself as one of the market leaders in NCR and hopes to further build on this position.

Pirojsha Godrej, Executive Chairman, Godrej Properties said, ''We are happy to add this new project in Gurgaon. This strengthens our development portfolio in NCR and fits well with our strategy of deepening our presence across India's leading cities. We will seek to ensure this project delivers a great experience for its residents.''

Shares of the company gained Rs 0.05, or 0.01%, to trade at  Rs 772.05.  The total volume of shares traded  was  5,242 at the BSE (10.11 a.m., Thursday).