Godrej Properties Secures 11-Acre Land in Pune for Rs 1,800 Crore Project
Leading real estate developer Godrej Properties has acquired leasehold rights on an 11-acre land in Pune to develop a housing and high-street retail project
Godrej PropertiesPuneReal EstateHousingRetailReal Estate PuneJun 28, 2024
The project, which will offer approximately 2.2 million square feet of developable space, will primarily feature group housing and high-street retail. This acquisition is a significant milestone for Godrej Properties, which is known for its commitment to delivering high-quality real estate projects that meet the demands of modern homebuyers.
Information
Godrej Properties is a leading real estate developer in India, with a strong presence in several cities across the country. The company has a proven track record of delivering projects that are designed to provide a superior quality of life to its customers. With a focus on innovation, sustainability, and customer satisfaction, Godrej Properties has established itself as a trusted name in the Indian real estate industry.
Godrej Properties is a subsidiary of the Godrej Group, a leading business conglomerate in India. The company was established in 1990 and has since then grown to become one of the most respected names in the Indian real estate industry.
Frequently Asked Questions
What is the estimated revenue potential of the project?
The estimated revenue potential of the project is around Rs 1,800 crore.
What is the size of the land parcel acquired by Godrej Properties?
The size of the land parcel acquired by Godrej Properties is approximately 11 acres.
What is the developable potential of the land parcel?
The developable potential of the land parcel is approximately 2.2 million square feet.
What type of development is planned on the land parcel?
The development planned on the land parcel will primarily feature group housing and high-street retail.
Who is the parent company of Godrej Properties?
The parent company of Godrej Properties is the Godrej Group.
Related News Articles
Pune's Commercial Real Estate Boom: A Thriving Metropolis in 2024
Pune's commercial real estate sector is thriving in 2024
Diplomat Beach Resort Secures Massive $575M Loan for Revamp
The Diplomat Beach Resort has secured a substantial $575 million loan from prominent real estate investors and the Canadian Pension Plan Investment Board (CPPIB).
Fresh Auction for Commercial Plot in Verna Estate: A Litmus Test for Goa's Industrial Hub
GIDC to re-auction a commercial plot in Verna Industrial Estate, a move seen as an indicator of investment demand and real estate market recovery in Goa's industrial hub.
Maharashtra Secures Record-breaking Investments at Davos 2025
The Maharashtra government, led by Chief Minister Devendra Fadnavis, has signed 54 MoUs worth Rs 15.70 lakh crore at the World Economic Forum in Davos, marking the state’s highest-ever investment agreements. Reliance Group leads with a Rs 3.05 lakh crore
Mahindra Lifespace and Livingstone Infra Join Hands for Massive Rs 1650 Cr Mumbai Project
Mahindra Lifespace Developers and Livingstone Infra have partnered to kickstart a significant redevelopment project in Mumbai, valued at Rs 1650 crore. This strategic alliance aims to revolutionize the real estate landscape in the bustling metropolis.
Embassy Group Welcomes Jitendra Virwani as New Chairman and Aditya Virwani as Vice-Chairman
Embassy Group has made significant changes to its leadership with the appointment of Jitendra Virwani as Chairman and Aditya Virwani as Vice-Chairman, aiming to expand its real estate presence across India.