Tag: godrej properties

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Godrej Properties acquires 16-acre land parcel in Upper Kharadi, Pune

Representative Image NEW DELHI: Godrej Properties (GPL) has acquired 16-acre land parcel in Upper Kharadi, Pune. The development on this land will primarily comprise premium group housing and high-street retail. The project has a developable potential of 2.5 million sq ft with an estimated revenue potential of ₹3,100 crore. This is the company’s second land acquisition this month in the Kharadi–Wagholi belt, taking the estimated cumulative revenue potential from the two developments to approximately ₹7,300 crore. The company had acquired 14-acre land parcel in Kharadi – Wagholi to develop a project with a developable potential of 3.7 million sq ft…

Industry

Godrej Properties to develop 14-acre land parcel in Hoskote, Bengaluru

Representative Image NEW DELHI: Godrej Properties (GPL) will develop a premium residential project on 14-acre land parcel in Hoskote, East Bengaluru. The proposed development is expected to offer approximately 1.5 million sq ft of saleable area with an estimated revenue potential of ₹1,500 crore. The company recently acquired 14-acre land parcel in Kharadi-Wagholi, Pune. The development on this land will comprise primarily premium group housing. The project will have a developable potential of 3.7 million sq ft with an estimated revenue potential of ₹4,200 crore. In FY26, GPL plans to grow residential bookings to over ₹32,500 crore, a 20% growth…

Industry

Godrej Properties acquires 14-acre land parcel in Pune

NEW DELHI: Godrej Properties (GPL) plans to develop 14-acre land parcel in Kharadi – Wagholi, Pune. The development on this land will comprise primarily premium group housing. The project will have a developable potential of 3.7 million sq ft with an estimated revenue potential of ₹4,200 crore. Gaurav Pandey, managing director & CEO of the company said, “Kharadi – Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market.” The company’s booking value in Q4 FY25 grew 7% year-on-year to ₹10,163 crore. This was achieved through the sale…

Commercial

Liquidator puts Jet Airways’ office space in Mumbai’s BKC on the block

File Photo A government-appointed liquidator has put an entire office floor owned by defunct Jet Airways in commercial tower Godrej BKC in Mumbai’s business district Bandra-Kurla Complex (BKC) on the block. The liquidator has set a reserve price of Rs 335.24 crore for the property to be auctioned next month under the Insolvency & Bankruptcy Code, 2016. In 2020, as part of Jet Airways‘ insolvency proceedings, global alternative investment major Brookfield Asset Management had acquired the company’s two office floors in the building for Rs 490 crore. These offices are currently occupied by marquee tenants including World Bank and PayPal.…