Godrej Properties purchases 12 acre of land in Pune for building houses

Real estate company Godrej Properties announced that it has purchased 12 acre of land in Pune for the construction of a housing complex with a potential sales income of roughly Rs 20 billion. In Mundhwa-East, Pune, the company purchased a 12-acre property piece outright. This property will largely be developed for a high-end project of group living. The project's potential for development would be over 2.2 million sq ft, and its revenue potential will be around Rs 20 billion. Godrej Properties is one of the top real estate developers in the nation and is a division of the commercial conglomerate Godrej Group. Also read: Godrej Properties set to buy 50-acre parcel at Palghar Thane city plans to spend Rs 1 billion on renovations