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

Godrej Properties Secures 11-Acre Land in Pune for Rs 1,800 Crore Project
Real Estate Pune:Godrej Properties, one of India's leading real estate developers, has announced that it has acquired leasehold rights on an 11-acre land parcel in Hinjewadi, Pune. The company plans to develop a housing and high-street retail project on this land, with an estimated revenue potential of around Rs 1,800 crore.

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.

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