Godrej Properties Ltd. has acquired a 47-acre land parcel for a residential project in Chennai with a developable potential of approximately 1.2 million sq. ft. The estimated revenue this project is expected to generate is ₹500 crore, the company said in a regulatory filing on June 30.Godrej Properties Limited has acquired a 47-acre land parcel for a plotted residential project with a developable...
Seven major cities including Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Hyderabad, Pune and Kolkata declined the sales of housing from 20% to 96,285 units estimated during the April-June quarter. Chennai was the only city that increased the demand for housing. This growth was largely inspired by the increasing presence of global capacity centers (GCCs). (Photo for representative purposes...