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Godrej Prop buys land parcels for ₹1,325 crore
Godrej Properties has acquired two land parcels totaling over 16 acres in Gurugram and Kolkata. The company spent approximately ₹1,325 crore on these acquisitions. These land parcels will be used to develop new housing projects. Godrej Properties anticipates a total revenue of around ₹6,150 crore from these upcoming developments. This expansion signals strong business growth amid high demand.
Godrej Properties acquires 11.36 acres in Gurugram for Rs 4,500 crore housing project
Godrej Properties continues its ambitious expansion with the acquisition of an 11.36-acre land in Gurugram, destined for a new residential project that could yield revenues upwards of Rs 4,500 crore. This step into the NCR market enhances their already robust portfolio, ultimately boosting their potential future sales to a remarkable Rs 40,000 crore.
Merlin Group acquires 3.3-acre land near Pune’s Koregaon Park for Rs 273 crore
Merlin Prime Spaces, a subsidiary of the Kolkata property developer, is looking to build a commercial project on the land parcel with a total investment of over Rs 1,000 crore including the land cost.