1 month ago
Godrej Properties acquires around 53-acre land in Joka, Kolkata
Hindustan TimesGodrej Properties Ltd on November 20 announced that it has acquired around a 53-acre land parcel in Joka, Kolkata. The proposed project is estimated to have a development potential of around 1.3 million square feet of saleable area comprising primarily residential plotted development with an estimated revenue potential of around ₹500 crore, the company said. We will aim to build an outstanding plotted development project in Joka that creates long term value for its residents,” said Gaurav Pandey, MD & CEO, Godrej Properties. Last week, Godrej Properties reported that its net debt rose 2 per cent during the September quarter to ₹7,572 crore with the company focusing on land acquisition for future growth.
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History of this topic
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