Godrej Properties has acquired Udhay GK-Realty from HDFC Ventures Trustee for 24 crore. With this acquisition, Godrej Properties has bought out the rights vested with Udhay GK-Realty to receive 21% revenue share from its Bangalore project, called Godrej Woodsman Estate.
Shareholders of Godrej Properties had approved the plan to acquire this company in July 2010. The project has total development potential of 2 million sq ft and Godrej already holds the right to receive the balance 79% of revenue share in this project. HDFC Property Fund had acquired these rights from Amco Batteries, the erstwhile owner of this 20-acre land parcel, for around 55 crore. crackcrack
| Company Name | CMP |
|---|---|
| Lodha Developers | 840.95 |
| Dilip Buildcon | 455.70 |
| DLF | 587.25 |
| Oberoi Realty | 1688.15 |
| Ahluwalia Contract(I | 886.85 |
| View more.. | |
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