Godrej Properties acquires 24 acre land in Indore; eyes Rs 500 cr revenue

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Godrej Properties acquires 24 acre land in Indore; eyes Rs 500 cr revenue - Business Standard

Quick Summary:

Real estate company Godrej Properties Ltd on Friday said it has acquired 24-acre land in Indore to develop residential plots and expects around Rs 500 crore revenue from this upcoming project.

"The project will have an estimated revenue potential of around Rs 500 crore," Godrej Properties said

The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of around 6.20 lakh square feet.