Godrej Properties acquires four acres of land for residential project in Pune, Real Estate News, ET Real Estate

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New Delhi: Godrej Properties (GPL) has acquired about four acres of land Koregaon Park, Pune, The development on this land will primarily be a group housing project, the company said in a BSE filing.

The project will have a developable capacity of around 7.5 lakh sq ft with an estimated revenue potential of around Rs 1,000 crore.

Gaurav PandeyThe company’s MD & CEO said, “The demand for luxury realty has been strong over the past few years. This will be our first luxury development in the city, and we will aim to build an excellent one.” residential community that creates long-term value for its residents.”

JLL It facilitated land transactions, it said in a separate media release.

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