Godrej Properties Ltd. has acquired an 89-acre land parcel in the Raigad district of Maharashtra, with a development potential of 1.9 million square feet.
In an exchange filing, the company said it intends to set up a residential plotted development on the land, which is located in the micro market of Khalapur.
“Residential plotted development has gained significant traction in recent years and Khalapur is a promising micro market in which to expand our presence in this space,” Managing Director and Chief Executive Officer, Gaurav Pandey said in the release.
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