Godrej Properties buys 16-acre land in Gurugram, Kolkata for Rs 1,300 cr to build housing projects

NEW DELHI: (Mar 4) Realty firm Godrej Properties Ltd has purchased two land parcels totalling over 16 acres in Gurugram and Kolkata for about Rs 1,325 crore to develop housing projects, as it looks to expand business amid strong demand.

The company has bought an 11.36-acre parcel in Gurugram for around Rs 1,000 crore and also won a bid to acquire a 5-acre land parcel in Kolkata for about Rs 325 crore.

Godrej Properties is expecting a total revenue of around Rs 6,150 crore from the upcoming residential projects on these two land parcels.