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Godrej Properties to develop 110 acres land in Panvel

17 Jul 2012 Evaluate

Godrej Properties (GPL), the real estate development arm of the Godrej Group, has entered into an agreement to develop approximately 110 acres of land in Panvel. The project will have an estimated saleable area of 3.5 million square feet. This project will be done on a joint venture (JV) basis by the company. Godrej Properties has entered into a profit sharing joint venture structure for this project where it will receive 35% of the profits from the development. The project is expected to be launched in 2013 and is estimated to be completed in approximately six years from its launch.

The project is located between NH4 and the Mumbai - Pune Expressway and is easily accessible from both these highways. The project is in close proximity to the proposed second International Airport in Panvel, the Jawaharlal Nehru Port Trust, and the proposed Sewri - Nhava Seva Trans Harbor Link. The strategic location near several major existing and upcoming infrastructure facilities makes the place one of the most exciting real estate locations in India.

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.

Godrej Properties Share Price

1809.80 4.75 (0.26%)
22-Apr-2026 11:25 View Price Chart
Peers
Company Name CMP
Lodha Developers 886.05
Dilip Buildcon 453.45
DLF 609.70
Oberoi Realty 1742.10
Ahluwalia Contract(I 881.40
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