Godrej Properties Acquires 12 Land Parcels to Develop Rs 234 Billion Projects
Real Estate

Godrej Properties Acquires 12 Land Parcels to Develop Rs 234 Billion Projects

Godrej Properties acquired 12 land parcels between April and December of this financial year to develop housing projects worth Rs 234 billion. The company plans to acquire more land in the ongoing quarter to expand its business amid strong consumer demand. Godrej Properties secures land both through outright purchases and partnerships with landowners under its new business development strategy. During the third quarter of this financial year, the company signed new projects with a total booking value potential of nearly Rs 110 billion. The overall business development surpassed £230 billion in the April-December period. In its latest investor presentation, Godrej Properties stated that it has added 12 projects with a total estimated saleable area of 169 lakh sq ft and a "total estimated booking value potential of Rs 234 billion" during the April-December period. When asked about future land acquisitions, Pirojsha said the pipeline remains strong, with ongoing discussions with landowners across multiple cities. He further noted that the company could reach the Rs 300 billion mark in new business development for the current financial year. Godrej Properties is among the country’s top real estate developers. In the group housing segment, it has a strong presence in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, and Bengaluru. The company has recently entered Hyderabad. For plotted developments, Godrej Properties is open to expanding into Tier-II cities.

Godrej Properties acquired 12 land parcels between April and December of this financial year to develop housing projects worth Rs 234 billion. The company plans to acquire more land in the ongoing quarter to expand its business amid strong consumer demand. Godrej Properties secures land both through outright purchases and partnerships with landowners under its new business development strategy. During the third quarter of this financial year, the company signed new projects with a total booking value potential of nearly Rs 110 billion. The overall business development surpassed £230 billion in the April-December period. In its latest investor presentation, Godrej Properties stated that it has added 12 projects with a total estimated saleable area of 169 lakh sq ft and a total estimated booking value potential of Rs 234 billion during the April-December period. When asked about future land acquisitions, Pirojsha said the pipeline remains strong, with ongoing discussions with landowners across multiple cities. He further noted that the company could reach the Rs 300 billion mark in new business development for the current financial year. Godrej Properties is among the country’s top real estate developers. In the group housing segment, it has a strong presence in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, and Bengaluru. The company has recently entered Hyderabad. For plotted developments, Godrej Properties is open to expanding into Tier-II cities.

Next Story
Infrastructure Transport

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

Next Story
Infrastructure Transport

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Next Story
Infrastructure Transport

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?