Construction Industry News
Godrej Properties aims to generate Rs 80 billion in sales revenue from the impending launch of a premium housing project in Ashok Vihar in the national capital in the March quarter.
For Rs 13.59 billion, in February 2020, Godrej purchased a nearly 27-hectare plot of land in the national capital with plans to build luxury apartments.
Rail Property Development Authority owned the piece of land. Pirojsha Godrej, executive chairman of Godrej Properties, stated in an interview with PTI that the company is still awaiting final approval before starting construction and sale of its next housing project in Ashok Vihar.
Godrej Properties began construction in May on the small, lavish Godrej Connaught One property, next to Connaught Place in the heart of Delhi. It has already started a project in Okhla in South Delhi.
Godrej Properties is well known in Gurugram, Noida and Greater Noida markets in Delhi-NCR. It has also spread to Sonipat, Faridabad and Delhi.
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