The Mumbai-based real estate developer Godrej Properties Limited (GPL) (BSE scrip id: GODREJPROP), one of India's leading
real estate developers, today announced that it has entered into an agreement to purchase land in the upcoming & fast developing micro-market of Chandivali, Mumbai.
Spread across approximately 3 acres, this project will offer 41,800 square meters (0.45 million square feet) of saleable area comprising primarily of residential apartments of various configurations with a small amount of retail space.
Situated in close proximity to the bustling suburb of Powai, Chandivali is one of the preferred residential locations in Mumbai. The site is strategically located and offers an extremely well developed social and civic infrastructure with multiple schools, hospitals, retail, residential, and commercial spaces in close proximity.
Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties said, "We are happy to add this new project in Chandivali, which fits well with our strategy of deepening our presence in key markets across India's leading cities. We will seek to ensure this project delivers an outstanding lifestyle for its residents."
Shares of Godrej Properties Ltd was last trading in BSE at Rs.1038 as compared to the previous close of Rs. 1076.2. The total number of shares traded during the day was 12958 in over 1158 trades.
The stock hit an intraday high of Rs. 1066.95 and intraday low of 1034. The net turnover during the day was Rs. 13477999.