Godrej Properties has acquired an 18.6 acre land parcel in Mumbai’s Kandivali suburb. This is the 8th project being added by the company to its development portfolio in the current financial year. The new project will have a developable potential of around 3.72 million sq ft with an estimated revenue potential of nearly Rs 70 billion based on the current business assumptions. This takes the company’s cumulative expected booking value from projects added in 2022-23 to around Rs 165 billion as against its full-year guidance of adding projects with a booking value potential of Rs 150 billion.

Contact: Godrej Properties

Tel: 022- 6169 8500

Website: www.godrejproperties.com