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Home > Forum > Mumbai > Buying property > Godrej Properties increases the size of its Panvel project

Godrej Properties increases the size of its Panvel project

Q: Hi heard that Godrej properties increased the size of Panvel project. Please tell me more about this project.

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Replies (4)
1
Please provide some details about the project location, because i'm also searching best property in navi mumbai.
shailesh


2
Godrej Properties brings the Godrej Group philosophy of innovation and excellence to the real estate industry. Each Godrej Properties development combines a 116-year legacy of excellence and innovation with a commitment to cutting-edge design and technology. Godrej Properties is currently developing residential, commercial and township projects spread across 87.6 million square feet in 12 cities. Godrej Properties has always embraced the notion that collaboration is the essence of excellence.
Gurmeet


3
Also the Company will now have a total land parcel of 147 acres in Panvel. This combined project has an estimated saleable area of 4.3 million square feet as per the current Special Township Policy. The saleable area available in the project is likely to increase to above 11 million sq. feet as per the proposed Special Township Policy.
Supratim


4
The Mumbai-based real estate developer adds 37 acres to its existing township project in Panvel, Mumbai Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, today announced that it has entered into an agreement to develop 37 acres in Panvel. This new area is in addition to and is contiguous with the 110 acres project the company had added to its portfolio in FY 13.
Supratim


Gurmeet
It will be developed in partnership with the same landowners and at the same terms as the 110 acres parcel and will not require any additional initial investment by Godrej Properties. GPL will receive 35% of the profits from the development.
Gurmeet,  
28th August 2013


5

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