Godrej Properties is eyeing to launch a luxury housing project at Ashok Vihar in the national capital (Delhi) in March quarter and is eyeing Rs 8,000 crore of sales revenue from this property. It had in February 2020 acquired a nearly 27-acre land in the national capital for Rs 1,359 crore to develop a luxury housing project.
The land parcel belonged to Rail Land Development Authority (RLDA). The company is still awaiting the final approval to start the work and sales of its upcoming housing project at Ashok Vihar.
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.
