Godrej Properties to start construction of Rs 8000 crore premium housing project in Ashok Vihar in Delhi

28 Nov 2022 , 07:02 AM

Godrej Properties aims to generate Rs 8,000 crore in sales income from its upcoming launch of a premium housing project at Ashok Vihar in the national capital in the March quarter.

To build a luxury housing project, it purchased a nearly 27-acre plot of land in the national capital in February 2020 for Rs 1,359 crore.

The Rail Land Development Authority owned the parcel of land. Godrej Properties Executive Chairman Pirojsha Godrej stated in an interview with PTI that the company is still awaiting final approval before beginning construction and sales on its next housing project in Ashok Vihar.

According to Pirojsha Godrej, the Ashok Vihar project has a total development potential of around 4 million square feet, and the company anticipates sales of Rs 8,000 crore.