Godrej Properties to redevelop a residential project in Mumbai

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Spread across 7.5 acres, this project will offer about 1.6 million sq ft of saleable area comprising of residential apartments, the company said in a BSE filing.

NEW DELHI: Godrej Properties has entered into an agreement to redevelop a land parcel in Wadala, Mumbai. Spread across 7.5 acres, this project will offer about 1.6 million sq ft of saleable area comprising of residential apartments, the company said in a BSE filing.

The company had recently sold homes worth Rs 575 crore in second phase of its project Godrej Woods in Noida.

It had reported a consolidated net profit of Rs 17.01 crore for the first quarter of the financial year 2021-22 as against a net loss of Rs 19.26 crore in the corresponding quarter previous year.