Godrej Properties highest bidder for two plots in Mumbai
Real Estate

Godrej Properties highest bidder for two plots in Mumbai

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

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 202117-18 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

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement