Indian Army Raises Concerns Over Godrej Properties' Mumbai Residential Project
The Indian Army has objected to Godrej Properties' Godrej Reserve Project in Mumbai
Real EstateIndian ArmyGodrej PropertiesMumbaiResidential ProjectReal Estate NewsMay 27, 2024
The Godrej Reserve Project, with an estimated revenue potential of around Rs 7,000 crore, has a developable potential of around 3.72 million square feet (msf). Godrej Properties had sold an inventory worth Rs 2,690 crore in this project, which was launched within 15 months of acquiring land.
The National Stock Exchange (NSE) had also sought clarification from Godrej Properties Limited regarding the project, following a news item titled 'Defence Ministry points gun at Godrej's housing project with revenue potential of Rs 7,000 crore in Mumbai.'
The Indian Army's Central Ordnance Depot (COD) is a sensitive military area located in Kandivali, Mumbai. The COD is responsible for storing and maintaining military equipment and supplies.
Godrej Properties Limited is a leading real estate developer in India, with a presence in multiple cities across the country. The company is known for its high-quality residential and commercial projects.
Brihanmumbai Municipal Corporation (BMC) is the municipal body responsible for governing the city of Mumbai.
Frequently Asked Questions
What is the estimated revenue potential of the Godrej Reserve Project? A: Rs 7 000 crore Q: Why has the Indian Army objected to the Godrej Reserve Project? A: Due to its close proximity to the sensitive military area Q: What is the developable potential of the Godrej Reserve Project? A: Around 3 72 million square feet (msf) Q: Who is the developer of the Godrej Reserve Project? A: Godrej Properties Limited Q: What is the response of the National Stock Exchange (NSE) to the Godrej Reserve Project? A: NSE sought clarification from Godrej Properties Limited regarding the project
Answer not available
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