Godrej Properties Acquires 3 Acres of Land for Rs 1,300 Crore Residential Project in Ahmedabad
Mumbai: Godrej Properties Limited (GPL) has acquired 3 acres of land in Vastrapur, Ahmedabad, to develop a premium residential project with an estimated booking value of Rs 1,300 crore.
Godrej PropertiesReal EstateAhmedabadVastrapurResidential ProjectsReal Estate MumbaiOct 21, 2024
This acquisition aligns with GPL’s strategic vision to develop high-quality residential projects in leading real estate markets across India. Vastrapur, a premium residential locality in West Ahmedabad, offers excellent social infrastructure and connectivity to key areas of the city. The area is well-supported by top-tier schools, healthcare facilities, and renowned landmarks such as IIM Ahmedabad, Vastrapur Lake Garden, the Sabarmati Riverfront Project, and Nexus Ahmedabad One Mall. These amenities significantly enhance the appeal of the location, making it a prime choice for residents seeking a blend of convenience, modern living, and accessibility.
Additionally, Vastrapur’s proximity to business hubs like Navratna Business Park and Pinnacle Business Park further cements its status as an ideal location for those who value a balanced lifestyle. The area’s well-developed infrastructure and connectivity make it an attractive prospect for both families and professionals.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his enthusiasm about the acquisition, stating, “We are delighted to add our second project in Ahmedabad. This acquisition will strengthen our presence in the city and further our strategy of deepening our footprint in key micro-markets across India’s leading cities.”
Godrej Properties Limited (GPL) is a renowned real estate developer that has been at the forefront of creating high-quality residential and commercial spaces. With a strong focus on innovation and sustainable development, GPL continues to set standards in the industry. This latest acquisition in Ahmedabad is a testament to the company’s commitment to delivering premium living experiences in strategic locations.
Frequently Asked Questions
What is the estimated booking value of the new project in Ahmedabad?
The estimated booking value of the new project in Ahmedabad is approximately Rs 1,300 crore, based on current business assumptions.
Where is the land located for the new residential project?
The land for the new residential project is located in Vastrapur, a premium residential locality in West Ahmedabad.
What are the key amenities and landmarks in Vastrapur?
Vastrapur is well-served by top schools, healthcare facilities, and renowned landmarks such as IIM Ahmedabad, Vastrapur Lake Garden, the Sabarmati Riverfront Project, and Nexus Ahmedabad One Mall.
How will this acquisition impact Godrej Properties' presence in Ahmedabad?
This acquisition will strengthen Godrej Properties' presence in Ahmedabad and complement their strategy of deepening their footprint in key micro-markets across leading cities in India.
Who is the MD & CEO of Godrej Properties, and what did they say about the acquisition?
Gaurav Pandey, MD & CEO of Godrej Properties, expressed delight in adding their second project in Ahmedabad, stating that it will further enhance their presence in the city.
Related News Articles
Boosting India's Infrastructure: 800 km of Highways Up for Grabs
India's infrastructure development receives a significant boost as 800 km of highways are put out to bid, promising improved logistics efficiency, trade, and connectivity.
Mumbai Property Registrations Witness 12% Surge in June Amidst High Demand
Mumbai's real estate market shows resilience as property registrations rise 12% in June, defying market trends.
Wagholi: Pune's Emerging Residential Hub
Wagholi, a developing suburb in eastern Pune, has transformed into a residential and commercial hub, offering diverse housing options and strong market appeal.
Indexation Benefits Removed for Property Sale: What it Means for Investors
property sale, LTCG rate, real estate and gold, Union Budget, investment
MHADA Launches Lottery for 2,030 Flats in Prime Mumbai Locations
MHADA offers 2,030 flats in prime Mumbai locations, with prices ranging from Rs 29 lakh to Rs 7.58 crore. Flats are available in EWS, LIG, MIG, and HIG categories.
Shiv Sena Demands Home Portfolio in New Maharashtra Government
The Shiv Sena has been making strong demands for the home portfolio in the upcoming Maharashtra government, following their significant win in the state elections. With a total of 230 out of 288 assembly seats, the alliance is in a strong position to nego