Godrej Properties Announces Luxury Housing Project in Marine Lines
Godrej Properties Enters Marine Lines
Godrej Properties Limited has added another Mumbai project to its portfolio by signing a development agreement for a 2.5-acre land parcel in Marine Lines, South Mumbai.
The upcoming project will be developed as a luxury housing development and has an estimated overall revenue potential of around Rs.6,000 crore.
Project Details
- Location: Marine Lines, South Mumbai
- Land Parcel: 2.5 acres
- Project Type: Luxury residential development
- Estimated Revenue Potential: Rs.6,000 crore
- Agreement: Development agreement
What to Watch Next
Investors may track the project's development timeline, approvals, launch plans and sales performance, along with Godrej Properties' progress across its Mumbai project pipeline.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Lupin Gets U.S. FDA Tentative Approval for Apixaban Oral Suspension
Lupin Limited has received tentative approval from the U.S. FDA for its Apixaban Oral Suspension 1.25 mg/mL, an oral liquid formulation of apixaban intended for patients requiring anticoagulation treatment.
Kalpataru Projects Wins Major UAE Gas Pipeline EPC Order
Kalpataru Projects International Limited (KPIL) has secured a major Engineering, Procurement and Construction (EPC) order for a gas pipeline project in the United Arab Emirates (UAE). The company received a Letter of Award (LoA) for the EPC contract, with the order classified as 'Major' and estimated to be valued at over Rs.4,000 crore. KPIL said the order reinforces its capabilities and track record in the global Oil and Gas sector.
Welspun Living Promoter Group Entity Disposes 2.59% Stake in Block Deal
Welspun Group Master Trust, a member of Welspun Living Limited’s promoter group, has disposed of 2,44,71,102 equity shares of the company, resulting in a change in the promoter group's shareholding. The transaction represents a 2.59% stake in Welspun Living Limited and was executed through a block deal on the stock exchange. Following the transaction, the promoter group's shareholding declined from 65.85% to 63.26%.