Godrej Properties acquires 18-acre land parcel in Kandivali, Mumbai by admin- Friday, December 2nd, 2022 03:24:13 PM
Godrej Properties Ltd (GPL) obtained an 18.6-acre land parcel in Kandivali, Mumbai. The project could have a developable potential of about three.Seventy two million rectangular ft with an estimated sales potential of approximately Rs. 7,000 crores.
The development will incorporate commonly of top class residential apartments with helping retail spaces. This may be one in all GPL’s largest residential traits and substantially strengthens its presence within the western suburbs of Mumbai.
This is the 8TH assignment addition for GPL in FY 23 and takes the cumulative anticipated reserving price from initiatives introduced in FY 23 to approximately INR 16,500 crore as against its complete year guidance of including tasks with a reserving fee capability of INR 15,000 crore.