 "Godrej Properties purchases 3 acre land in Mumbai for Rs 153 crore")
Godrej Properties has bought about 3 acre land parcel in Mumbai from DIC India Ltd for Rs 153 crore.
The company said in a statement that it has "entered into an agreement to purchase land in the upcoming & fast developing micro-market of Chandivali, Mumbai."
Spread across about 3 acres, this project will offer 0.45 million square feet of saleable area primarily comprising residential apartments with a small amount of retail space.
Separately, DIC India said in a regulatory filing that its board has approved the sale of land located at Chandivali.
The consideration of this land parcel is up to Rs 153 crore to be paid in three tranches, the filing added.
Earlier this month, Godrej Properties acquired nearly 27 acre land parcel in the national capital for Rs 1,359 crore to develop luxury housing project.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%