New Delhi, March 4 -- Godrej Properties Ltd is widening its geographic footprint, deepening its presence across micro-markets in a bid to reduce concentration risk and sustain growth.

On Wednesday, the residential developer announced two land acquisitions. It bought 11.36 acres in Gurugram, Haryana, with an estimated revenue potential of more than Rs.4,500 crore, strengthening its exposure to the National Capital Region (NCR). It also won an e-auction for a prime five-acre parcel off EM Bypass in Kolkata, where the proposed premium residential project carries an estimated revenue potential of about Rs.1,650 crore.

The additions support its medium-term pre-sales trajectory and market share ambitions at a time when concerns of a slowdown ...