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

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?