Business Standard
Monday, May 28, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Godrej Properties acquires land for township in Ahmedabad
Maulik Pathak & Vinay Umarji / Mumbai/ Ahmedabad Sep 03, 2009, 00:24 IST

In what could be the first major land deal in Ahmedabad after Tata Motors parked their Nano project at Sanand a year ago, Godrej Properties - the realty vertical of Godrej Group has completed acquisition of over 100 acres near Ahmedabad for its 'Godrej Garden City' project.

The township, proposed to be spread in about 250 acres, will offer affordable homes in the range of Rs 20-25 lakh. The company had proposed an investment of Rs 5,000 crore for the project to the state government earlier in January this year.

The project was recently selected among 16 founding projects across the world for the Climate Positive Development Programme, launched by former US President Bill Clinton. Atleast two developers privy to the development confirmed the deal and said that Godrej Properties has completed transaction for over 100 acres of private land at Jagatpur near SG Highway. "The deal was brokered by a local developer who is setting up a hotel project in the area," sources said. The size of the deal was however not known.

Industry experts believe that when the project materialises, it will be the largest ever of its kind in the city. The housing project will be spread across 30 million sq. ft of area and it will house residential as well as commercial properties, said sources close to the development.

Godrej Properties aims to create an integrated township within the city limits of Ahmedabad by providing a mix of residential, commercial and public spaces, said a company spokeperson while refusing to divulge details about about the deal.

The company aims to hit the capital market in the next couple of months, if the current uptrend in the market continues.The company has already got clearance from Sebi for the IPO, which will involve fresh capital issue of 13.5 per cent stake.

Besides Ahmedabad, the company is coming up with affordable housing projects in Bangalore, suburbs of Mumbai, Pune, Kolkata and Chandigarh.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
Tags : Godrej | Sebi
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Posted by: seema
sir,i want to buy 3BHK house in ahmedabad township so let me know about your project. iwant to book it .
Posted by: Pankaj Badani
I want to buy 2BHK a home AHM.Township. So please give information about ur projects.My cell no. are 9824890668 /9427727068 .THANKS
Posted by: archana gupta
i am interested in ur project. so please let me know more about ur project immediately.
Posted by: BHARAT RAISINGHANI
i want to but 2bhk ,,so please tell me when u r project stat,,i want to book it
Posted by: mthaker
i want to buy one home in ahmedabad township so please give me detailed brousher . thanks with have a a good day
Posted by: Debashish/Ratnadip
Sir I am interested in your Godrej Township behind Nirma University, Ahmedabad. I am interested in two bedroom flat .Please send me the details and the date of opening of new phase of booking at Godrej Garden city Ahmedabad.My cell nos are 9828249623/9924415918 and email> dc1378@gmail.com/ratnadip4jan@gmail.com
Posted by: Kashyap
interested in buying 2 or 3 bhk appartments in qty 2 or 3. Is their any discoint if purchased in bulk also need to have brochure soft copy if can be sent through mail along with prices and scheme of loan.My contact no is 9033099311
Posted by: Bhagwan Chhaparwal
I am practicing Chartered Accountant from Mumbai interested in buying a 3 BHK residential flat in your Ahemdabad Project.
Posted by: nikhil
Is there a bulk discount if one purchases 5 2 bhks in the township. Please contact on 9930268388.
Posted by: AJAY
Dear sir, I read today propety at ahmedabad, i am intersed to day buy a house in your township please can y send me detail by post or e mail my contact no is 982542911. Thanks & regards
    Posted by: R C DESAI
I am intrested in buying 2 or 3 bedroom apt in Ahmedabad. Can you send me your different floor plans alongwith price. I am from USA. Actually myself and couple of my friends are interested. I am waiting for detailed info from you.
Posted by: GANATRA VIRSEN D
Dear sir, I read today propety at ahmedabad, i am intersed to day buy a house in your township please can y send me detail by post or e mail my contact no is 00968 99326873. Thanks & regards
Posted by: nitin patel
, Sir I am interested in your Godrej Township behind Nirma University, Ahmedabad. I am interested in two/three bedroom flat .Please send me the details and the date of opening of new phase of booking at Godrej Garden city Ahmedabad.My cell nos are 09825804627 and 09825804617 and email> nitinkumar_patel2000@yahoo.com
Posted by: parin shah
hi i am interested in buying plots or flats in your godrej township wherever in ahmedabad.so please send methe detail and the opening date of booking flats or plots at your any project going on right now. it will be good if you can send me your catlog at my residence and my conatc no is 9833013141 addresse parin shah 7a/c, a wing dhanratna apt opp. navrang cinema andheri west mumbai - 400058 thank you
Posted by: Hareshkothari
Sir I am interested in your Godrej Township behind Nirma University, Ahmedabad. I am interested in two/three bedroom flat or tenament/bunglow.Please send me the details and the date of opening of new phase of booking at Godrej Garden city Ahmedabad.My cell nos are 09924242560 and 09426357090.
Posted by: pradip
Sir, we are interested in your GODREJ TOWNSHIP bhind Nirma university in Ahmedabad. We are interest in two bedroom flat. Please send us details as soon posible. Thank you
Posted by: bhavesh
dear sir . we a re intreste 2 bhk flate. kindly give details immediatly bhavesh shah
Posted by: SHAHNIRAV
HI WE ARE INTERESTED TO INVEST IN GODREJ TOWNSHIP IN AHMEDABAD SO WILL YOU PLEASE SEND US FULL DETAILS WITH SQ FT/YARD/WITH PRICE.
Posted by: NEELAM
Dear Sir, we are interested in your GODREJ TOWNSHIP bhind Nirma university in Ahmedabad. We are interest in two bedroom flat. Please send us details as soon posible. Thank you neelam
    Posted by: Dilip
Dear Sir, we are interested in your GODREJ TOWNSHIP bhind Nirma university in Ahmedabad. We are interest in two bedroom flat. Please send us details as soon posible
Posted by: PRAGNESH
HI WE ARE INTERESTED TO INVEST IN GODREJ TOWNSHIP IN AHMEDABAD SO WILL YOU PLEASE SEND US FULL DETAILS WITH SQ FT / YARD / WITH PRICE ..
Posted by: jasmin
please sand your email id for requirment for civil eng. post in your future project in ahmedabad
Posted by: birenparmar
for thier township project at ahmedabad godrej with ssipl have started illegal construction in land bearing block no 91,93,82,83,84 of jagatpur dist. ahmedabad
Posted by: birenparmar
out of the total 250 acres land on which godrej has decided to set up township about 143 acres of land is of new tenure.in gujrat our state government has its share in the land if the land has to be utilised for non agricutural purposes.niether godrej nor ssipl has taken any government approval for the entire new tenure land.the block nos of the new tenure land are land bearing block no 97,98,102,104,107,108,109,111,112,113,25,46,85,119,29/a,45,92,89,103,71,43,38,93/b,55,29/b,117,61,23,24,18,26,69,70,80,81 of village jagatpur ta. daskroi. dist ahmedabad.
    Posted by: Manoj
Please give me more information on the godrej garden city litigated land we can work for the issue
Posted by: birenparmar
godrej is planning to set its project on 250 acres of land.out of this land 10.33 acres is government land regarding which niether godrej nor its development partner ssipl has taken any government permission.
Posted by: birenparmar
the land over which godrej has proposed the development is mainly of new tenure nature with limited scope of development regulations.also the proposed development land is not clear and marketable with numerous civil litigations on.even the counterpart developer of godrej and various land owners involved in various civil and criminal litigations.
    Posted by: Anup
Please send me few more details
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Renu Kohli: Rupee: depreciated tactics
- Mobile handset companies bet on Indian app makers
- CBI arrests Jagan Andhra on alert
- Gold imports fall 32% on strict govt measures
- RIL wants import-parity price for its gas
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us