Godrej Properties acquires 50-acres land parcel in Manor, Palghar

Godrej Properties has entered into an agreement for outright purchase of a land parcel in the fast developing micro market of Manor, Palghar. Spread across ~ 50 acres, the proposed project is estimated to have a developable potential of approximately 1.2 million square feet of saleable area comprising primarily of residential plotted development.

The company expects the project to offer a booking value potential of approximately Rs 500 crore on the basis of current business assumptions.

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