Godrej Properties Clears the Air on Kandivali Residential Project
Godrej Properties responds to NSE's clarification demand on Godrej Reserve Project in Kandivali
Godrej PropertiesKandivaliMumbaiReal EstateNseReal Estate MumbaiMay 28, 2024
In response to NSE's query, Godrej Properties stated that they have not received any communication from concerned authorities citing non-compliance on their part. The developer has taken all requisite approvals from concerned authorities for development of the project and is certain that all approvals related to the project are intact.
The project has been in the news due to its proximity to the Indian Army's Central Ordnance Depot (COD), which led to objections on its development. However, Godrej Properties has clarified that they are not aware of any information that required disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Godrej Properties is a leading real estate developer in India, known for its innovative and sustainable developments. The company has a strong track record of delivering projects on time and has won numerous awards for its contributions to the real estate industry.
Godrej Properties is a part of the Godrej Group, a reputed business conglomerate in India. The company is committed to delivering exceptional customer experiences and creating value for all its stakeholders.
Frequently Asked Questions
What is the developable potential of Godrej Reserve Project? A: The developable potential of Godrej Reserve Project is around 3 72 million square foot (msf) Q: What is the estimated revenue potential of Godrej Reserve Project? A: The estimated revenue potential of Godrej Reserve Project is around Rs 7 000 crore Q: Why was the Godrej Reserve Project in the news? A: The project was in the news due to its proximity to the Indian Army's Central Ordnance Depot (COD) which led to objections on its development Q: Has Godrej Properties received any communication from concerned authorities? A: Godrej Properties has not received any communication from concerned authorities citing non-compliance on their part Q: What is the status of approvals for Godrej Reserve Project? A: Godrej Properties has taken all requisite approvals from concerned authorities for development of the project and is certain that all approvals related to the project are intact
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