The project will have a developable potential of approximately 7.5 lakh sq ft with an estimated revenue potential of approximately Rs 1,000 crore.
NEW DELHI: Godrej Properties (GPL) has acquired about 4 acre land parcel near Koregaon Park, Pune. The development on this land will primarily be a group housing project, the company said in a BSE filing.
The project will have a developable potential of approximately 7.5 lakh sq ft with an estimated revenue potential of approximately Rs 1,000 crore.
Gaurav Pandey, MD & CEO of the company said, "The demand for luxury realty has been strong over the past few years. This will be our first luxury development that creates long term value for its residents."