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Godrej Properties buys seven acres of land to develop a residential project in bangalore

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Godrej Properties buys seven acres of land to develop a residential project in bangalore

New Delhi, Sep 28 (PTI) Godrej Properties has bought seven acres of land for the development of an expensive housing project in Bengaluru. The company gave this information on Wednesday.

The estimated revenue from the project would be Rs 750 crore, the company said. However, he did not specify at what cost the land was acquired.

Godrej Properties told stock exchanges that the plot of land that has been acquired is located near Indiranagar in Bengaluru. He said that an expensive housing project would be developed in an area of ‚Äč‚Äčabout seven acres, which would have different types of apartments.

Mohit Malhotra, CEO and Managing Director of the company said that the demand for development of high-end housing is very strong.

Taking into account the current business prospects, the company said that the estimated booking value of the project could be Rs 750 crore.

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