Godrej Properties (GPL) has purchased 60-acres land parcel on an outright basis in Oragadam Junction, Chennai, the company said in a BSE filing.
The proposed project is estimated to have a developable potential of approximately 1.6 million sq ft of saleable area, comprising primarily of residential plotted development.
It recently acquired approximately 9 acres of land in Gurugram, Haryana through an outright purchase. This project will offer approximately 1.6 million sq ft of premium residential development.
It also acquired approximately 62 acres of land through outright purchase in Kurukshetra. This project will offer approximately 1.4 million sq ft of plotted residential developments.