Godrej strikes another land deal, buys 109 acres

05 Oct 2023 CW Team

Godrej Properties, a prominent real estate developer, has successfully concluded a substantial land deal worth over $350 crore. The agreement, reached on Thursday, involves the acquisition of a sprawling 109-acre land parcel from Rohit Agrawal, a Nagpur-based businessman.

This strategic land acquisition is situated in a prime location, nestled between the Mihan-SEZ and the Samruddhi Expressway, enhancing its desirability and potential for development. Notably, this marks Godrej Properties' second significant purchase in Nagpur, following their acquisition of 58 acres for 7227 crore near Besa in April of the previous year.

The recent transaction comprises two components, with one portion involving a cash transaction and the remainder being comprised of developed land valued at over $100 crore, which Godrej Properties will transfer to the seller, as per insider sources.

A press release issued by Godrej Properties stated that the forthcoming development on this acquired land will primarily focus on individual residential units, offering an estimated saleable area spanning an impressive 2.2 million square feet. This move underscores the company's commitment to expanding its real estate portfolio and providing quality housing solutions in high-demand regions.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..