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Godrej Properties enters into joint venture with Neelkamal Realtors Tower

26 Dec 2022 Evaluate

Godrej Properties has entered into a joint venture with Neelkamal Realtors Tower (NRTPL) for development of property situated at Cadastral Survey No. 1906 of Byculla Division, E-Ward. The project is being developed by the Company through a Special Purpose Vehicle, viz, Godrej Residency (GRPL), wherein the Company will hold 50.01% and the balance 49.99% will be held by NRTPL.

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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