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Godrej Properties buys 4-acre land parcel in North-West Bengaluru

2Jan

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Godrej Properties buys 4-acre land parcel in North-West Bengaluru

"Yeshwanthpur is an important micro market for us, and we are happy to add this land parcel to our portfolio," said Gaurav Pandey, MD & CEO, Godrej Properties | File image Real estate developer Godrej Properties announced that it has purchased a 4-acre land parcel. The land is located in Yeshwanthpur abutting National Highway - 75, one of the prime locations in Bengaluru. The recent project by Godrej Properties is estimated to have a developable potential of approximately 0.7 million square feet of the saleable area comprising primarily of premium residential apartments of various configurations with an estimated revenue potential of Rs 1,000 crore (based on current business assumptions) with scope to increase to Rs 1,250 crore basis additional 1-acre land acquisition, making ...

India’s construction sector levels up as housing demand spurs economy

If India needed any more proof that it was in the midst of a huge housing boom, it got in this week's GDP data, heightening expectations that the industry will continue to power the economy for years to come. The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed. That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies. In contrast, Western economies have been squeezed by high interest rates and energy prices, while China has been hobbled by a debt crisis in its property sector. The long-awaited boom - which has created millions of jobs - comes after about six years of d...

Godrej Properties Sells 670 Apartments Worth Rs 2,000 Crore In Noida Housing Project

Curated By: Business DeskLast Updated: September 26, 2023, 18:33 ISTThe housing project of Godrej Properties was started last month. According to the company report, the launch of Godrej Tropical Isle has been the most successful project in terms of sales volume and value.Godrej Properties, the real estate development arm of the Godrej Group has sold 670 apartments worth over Rs 2,000 crore in its newly launched housing project located in Sector 146 of Noida, Uttar Pradesh. According to the company, the launch of Godrej Tropical Isle has been the most successful project in terms of sales volume and value. The project was started in August after the company won the land through an e-auction conducted by the Noida Authority in November last year.Gaurav Pandey, the MD and CEO of Godrej Prop...