Godrej Properties to develop a 9-acre project in Pune

31 Mar 2022 , 11:01 AM

Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, on Wednesday announced that it has acquired a 9 acres land parcel in the residential micro-market of Pimpri-Chinchwad in Pune. The development will primarily be for a group housing project.

Pimpri-Chinchwad is one of the established residential locations in Pune and has excellent connectivity to all major social and commercial hubs of Pune city.

Mohit Malhotra, MD & CEO, Godrej Properties, said, “Pimpri Chinchwad is an important micromarket in Pune and we are happy to add this land parcel to our portfolio. This will further expand our presence in Pune and fits with our strategy of deepening our presence in key micro markets across India’s leading cities.”

At around 11.02 am, Godrej Properties Ltd was trading at Rs1,670.10 per share up by Rs4.95 or 0.3% from its previous closing of Rs1,665.15 per share on the BSE.