Left Menu
Development News Edition

Godrej Properties buys 27 acre land in Delhi for Rs 1,359 cr

PTI | New Delhi | Updated: 17-02-2020 09:08 IST | Created: 17-02-2020 09:07 IST
Godrej Properties buys 27 acre land in Delhi for Rs 1,359 cr
Image Credit: PR Newswire

In a major land deal, realty firm Godrej Properties on Monday said it has acquired nearly 27 acre land parcel in the national capital for Rs 1,359 crore to develop luxury housing project. The company said in a statement that it has added a new project in the residential market of Ashok Vihar, Delhi.

"With the land acquisition value at Rs 1,359 crore, this is one of the largest land transactions in India in recent times," Godrej Properties said. The payment for this land will be made in instalments over several years as stipulated in the tender documents.

The company will develop a luxury housing project on this 26.58 acre land parcel, with a built up area of 3.28 million sq ft. This is Godrej Properties' second project in Delhi after the launch of Godrej South Estate in Okhla in 2019.

The company has developed many successful residential projects in other parts of NCR, including Gurgaon and Noida. Pirojsha Godrej, Executive Chairman, Godrej Properties said, "We believe this project in central Delhi is one of the most exciting projects in our development portfolio and will contribute significantly to the growth of our business in NCR. We will seek to ensure a landmark project that delivers an outstanding lifestyle for its residents".

Godrej Properties is a real estate arm of the Godrej group.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

All party meeting - Blocking dialogue not culture of Bengal, Mamata needs to speak up

If that happens, history will record it as the dark age of Bengal....

Diya Jalao for COVID 19: How Modi put Power Grids and power warriors at risk?

While Prime Minister Narendra Modis staunch supporters are busy in search of hidden science behind the sudden announcement of 9minutes9pm campaign but his ignorance of the actual science has put the nation in another danger. The scientists ...

Energy markets post-COVID 19: Recovery may take time, transition to continue

As oil markets have crashed, the experts believe the oil prices will come down drastically and continue making the energy transition a financial burden for many economies for a couple of years.  However, the market alone was never...

'Diya jalao' for COVID 19: Modi needs to practice his teachings and control fake news on social media

In his video message to the nation on Friday the Prime Minister talks about peoples collective power to win the invincible. However, he has made no concreate efforts to win over the confidence and represent the collective power of the polit...

Videos

Latest News

British-era Amrutanjan bridge along Mumbai-Pune expressway demolished using controlled blasting.

British-era Amrutanjan bridge along Mumbai-Pune expressway demolished using controlled blasting....

Maharashtra: 7 test positive for coronavirus in Aurangabad

The number of COVID-19 cases in Aurangabad in Maharashtra touched 10 on Sunday after seven people, including a doctor, tested positive for the novel coronavirus, health officials said. Among the seven fresh cases on Sunday were a 7-year- ol...

Combating COVID-19: HDFC Bank receives mandate to collect donations for PM-CARES Fund

HDFC Bank Ltd has received the mandate to collect donations for the PM CARES Fund, which was created with the primary objective of dealing with any kind of emergency or distress situation posed by the COVID-19 pandemic and to provide relief...

TRCF appeals to Gujjars, Bakerwals to suspend seasonal migration till lockdown ends

An organization working for the upliftment of the tribal population in Jammu and Kashmir on Sunday appealed to the Gujjar and Bakerwal communities to suspend their bi-annual, seasonal migration till the end of ongoing lockdown aimed at prev...

Give Feedback