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Godrej Properties emerges as highest bidder for two adjacent plots in Navi Mumbai

01 Mar 2021 Evaluate

Godrej Properties (GPL) has added a new residential project in Sanpada, Navi Mumbai. The company emerged as the highest bidder in the CIDCO e-auctioning process with the total bidding value of Rs 166 crore for the two adjacent plots.

Situated approximately 1 km away from Palm Beach, Sanpada is a desirable location in Navi Mumbai and offers a well-developed social and civic infrastructure with reputed schools, hospitals, residential and commercial spaces in close proximity. Spread over around 1.5 acres, this project will offer 4 lakh square feet of development potential comprising primarily of premium residential apartments of varied configurations with a small amount of high street retail at the base of the development.

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.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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