Godrej Properties highest bidder for two plots in Mumbai

02 Mar 2021 CW Staff

Mumbai based Godrej Properties Ltd (GPL) emerged as the highest bidder for two adjacent land plots in Navi Mumbai at a total bid value of Rs 166 crore in an e-auction conducted by the City and Industrial Development Corporation (CIDCO).

CIDCO came up with 63 residential plots in Ghansoli, Kharghar and New Panvel nodes, for which the filling of e-tenders began this week. The minimum offset price of these plots ranges between Rs 70,000 to Rs 100,000.

Last month, CIDCO had offered 106 bungalow and row house plots across Navi Mumbai for which the tender will open next week.

Out of the 63 plots, Kharghar has maximum 29 plots and its size ranges from 44 sq m to 115 sq m and the offset price is Rs 100,000. New Panvel node has 28 plots while Ghansoli has only six plots. The lowest offset price is Rs 70,000 of New Panvel plots.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

GPL will construct a residential project on the land located in Sanpada, Navi Mumbai. Spread over 1.5 acres, the project will offer about 4 lakh sq ft of development potential consisting primarily of premium residential apartments of varied specifications with a small amount of high street retail at the base of the development.

As we reported earlier, in December, GPL bought 18 acres in suburban Bengaluru’s Whitefield to develop a premium residential project.

For the December quarter, Godrej Properties reported a 69% year-on-year decline in its consolidated net profit to Rs 14.35 crore, while total income fell to Rs 311.12 crore from Rs 517.47 crore in the corresponding period a year ago.

To get tender details click here.

Image Source

Also read: Godrej Properties plans QIP to buy land parcel

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..