Godrej Properties purchases 18.6 acres of land in Mumbai to construct luxury homes

5 Dec 2022 , 10:13 AM

For over Rs750 crore, Godrej Properties purchased an 18.6-acre plot of land in Kandivali, Mumbai, to build a luxury home project.

Godrej Properties provided information regarding the land transaction on Friday but did not provide the overall deal amount.

According to real estate advisors and market sources, the land sale cost about Rs750 crore.

One of the top real estate firms in the nation is Godrej Properties, a division of the commercial behemoth Godrej Group.

To build future development pipelines, the firm has been actively purchasing the property outright and in joint development agreements (JDAs) with landowners.