Wonder Space Properties (WSPPL) has ceased to be a subsidiary of Godrej Properties (GPL) post transfer of equity shares by the company. GPL along with its subsidiary WSPPL has entered into an agreement with Shubh Properties Co-operative U.A, and others, to transfer 74.9% of the equity share capital held by the company in WSPPL for its project at Okhla Industrial Area, Phase-1, New Delhi.
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.