Godrej acquires 6 land parcels to develop Rs 9,650 cr housing projects

Realty firm Godrej Properties acquired six new land parcels in the July-September quarter to develop housing projects worth Rs 9,650 crore as part of its expansion plan amid strong demand.

Godrej Properties is one of the leading real estate developers in the country. It has a significant presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru.

To expand the housing business, Godrej Properties acquires land through outright purchases as well as forming partnerships with landowners for joint development.

In its latest operational updates for the July-September quarter, Godrej Properties said it has added 8 new land parcels in the first six months of this fiscal with a total estimated saleable area of about 11 million square feet and total estimated booking value potential of around Rs 12,650 crore.

This included the addition of 6 new land parcels in the second quarter of this fiscal with an expected booking value of Rs 9,650 crore.

Godrej Properties said it has .