Godrej Properties to unveil Rs 80 billion housing project in Delhi

Godrej Properties aims to generate Rs 80 billion in sales income from its upcoming launch of a premium housing project at Ashok Vihar in the national capital in the March quarter. For Rs 13.59 billion, Godrej has purchased a nearly 27-acre plot of land in the national capital in February 2020 with plans to build luxury apartments. Rail Property Development Authority owned the piece of land. Godrej Properties Executive Chairman Pirojsha Godrej stated in an interview with PTI that the company is still awaiting the final approval before beginning construction and sales on its next housing project in Ashok Vihar. Godrej Properties began construction on the tiny, opulent Godrej Connaught One property in May, next to Connaught Place in the heart of Delhi. It has already started a project in South Delhi's Okhla. Godrej Properties is well-known in the Gurugram, Noida, and Greater Noida markets in Delhi-NCR. It has also spread to Sonipat, Faridabad, and Delhi. Also read: How is Godrej maximising customer value Mindspace REIT net operating income increases 16% in Q2