Godrej Properties has acquired 20% issued and paid-up share capital of Vivrut Developers (VDPL). Consequent to the said acquisition, VDPL has become an associate of the company. The shares of the VDPL are acquired on February 10, 2020.
Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.