BENGALURU, March 4 -- India's top-selling developer, Godrej Properties Ltd (GPL), on Wednesday announced the acquisition of two land parcels in Kolkata and Gurugram for residential development, with a combined estimated revenue potential of Rs.6,150 crore.

The 5-acre Kolkata site, located off EM Bypass, was acquired through an e-auction conducted by the West Bengal Housing Infrastructure Development Corp. Ltd. The premium residential project planned on the site is expected to generate Rs.1,650 crore in revenue.

The second acquisition is an 11.36-acre plot in Gurugram's Sector 63A, purchased outright for a premium residential development with an estimated revenue potential exceeding Rs.4,500 crore. The project will feature a mix of low-r...