Latest News | Godrej Buys 53-acre Land in Kolkata to Develop Rs 500 Crore Residential Project

New Delhi, Nov 20 (PTI) Godrej Properties Ltd has acquired 53-acre land in Kolkata to build a residential plotted development project that will have revenue potential of around Rs 500 crore.

Godrej Properties is one of India's leading real estate firms.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for November 20, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

In a regulatory filing on Wednesday, the company informed that it has acquired about 53-acre land parcel in Joka, Kolkata.

"The proposed project is estimated to have a development potential of 1.3 million square feet of saleable area comprising primarily residential plotted development with an estimated revenue potential of Rs 500 crore," Godrej Properties said.

Also Read | Shillong Teer Results Today, November 19 2024: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

The land is strategically located in the fast-developing micro-market of Joka, which is close to the main city and in proximity to Diamond Harbour, a well-known seaside weekend getaway.

Gaurav Pandey, MD & CEO, Godrej Properties, said, "This land acquisition fits our strategy of deepening our presence across India's leading cities. We will aim to build an outstanding plotted development project in Joka that creates long-term value for its residents."

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)