Godrej Properties buys 89 acres of land in Khalapur, Maharashtra, Real Estate News, ET RealEstate

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New Delhi: Godrej Properties entered into an agreement for the outright purchase of a land parcel in Khalapur , Raigarh, Maharashtrathe company said in a BSE filing.

Spread over approximately 89 acres, the proposed project is located near Imagica Theme Park and is estimated to have a development potential of around 1.9 million sq. ft. of salable area comprising mainly residential Plot Development.

The company recently purchased 60 acres of land near Oragadam Junction, Chennai on a lump sum basis. The project has a developable potential of around 1.6 million sq ft of salable area.

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