Godrej Properties bags 7.5 acre land redevelopment project in Wadala
Real Estate

Godrej Properties bags 7.5 acre land redevelopment project in Wadala

Godrej Properties has entered an agreement to redevelop a 7.5 acre land parcel in Wadala, Mumbai.

The 7.5 acre project will have about 1.6 million square feet of saleable space, mostly residential apartments in various configurations.

The new project in Wadala marks Godrej Properties' entry into an important micro-market within Mumbai, according to Mohit Malhotra, Managing Director and Chief Executive Officer.

It also fits into the company's current strategy of acquiring large projects in the top real estate markets in the country.

Godrej Properties is launching a number of projects this year in various cities. The company has been steadily acquiring projects to diversify its portfolio, which is primarily comprised of residential developments.

The property developer agreed in December to pay an undisclosed sum for an 18 acre land parcel in Whitefield, Bengaluru.

The project has a 2.4 million sq ft development potential, with the majority of the units being residential apartments in various configurations.

On the launch day of the second phase of its Godrej Woods project in Noida in September, the company announced that it had sold 340 homes totalling half a million sq ft for Rs 575 crore.

Image Source


Also read: Godrej Properties gets Rs 575 cr from home sales in Noida project

Godrej Properties has entered an agreement to redevelop a 7.5 acre land parcel in Wadala, Mumbai. The 7.5 acre project will have about 1.6 million square feet of saleable space, mostly residential apartments in various configurations. The new project in Wadala marks Godrej Properties' entry into an important micro-market within Mumbai, according to Mohit Malhotra, Managing Director and Chief Executive Officer. It also fits into the company's current strategy of acquiring large projects in the top real estate markets in the country. Godrej Properties is launching a number of projects this year in various cities. The company has been steadily acquiring projects to diversify its portfolio, which is primarily comprised of residential developments. The property developer agreed in December to pay an undisclosed sum for an 18 acre land parcel in Whitefield, Bengaluru. The project has a 2.4 million sq ft development potential, with the majority of the units being residential apartments in various configurations. On the launch day of the second phase of its Godrej Woods project in Noida in September, the company announced that it had sold 340 homes totalling half a million sq ft for Rs 575 crore. Image SourceAlso read: Godrej Properties gets Rs 575 cr from home sales in Noida project

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code