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Godrej Properties LLP executes indenture of assignment with Godrej & Boyce

31 Mar 2012 Evaluate

Godrej Properties - limited liability partnership (LLP) - Godrej Vikhroli Property (GVP LLP) has executed an indenture of assignment and conveyance with Godrej & Boyce Manufacturing Company, for the assignment and conveyance in its favour of property admeasuring 34.2 acres at Vikhroli, Mumbai for a consideration of Rs 717 crore payable over a period of five and a half years to facilitate the GVP LLP to meet such obligation from the proceeds of the development.

GVP LLP is a limited liability partnership between Godrej Properties and Godrej Industries incorporated in 2011 to undertake development of the aforementioned land.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.

Peers
Company Name CMP
Lodha Developers 1005.00
Prestige EstatesProj 1433.00
Dilip Buildcon 390.30
DLF 670.00
Oberoi Realty 1614.65
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