Godrej Properties acquires 24 acres land in Indore
Godrej Group's real estate arm Godrej Properties has purchased a 24-acre land parcel in Indore for around Rs 200 crore. The firm plans to develop housing plots on the acquired land s part of its strategy to expand business amid strong demand for residential properties.
As per the firm development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of 6.20 lakh square feet with an estimated revenue potential of around Rs 500 crore.
Also Read: Godrej Properties buys plot in Kolkata