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Godrej Properties buys 58-acre land in Nagpur to develop housing project
Realty firm Godrej Properties Ltd on Thursday said it has gained a 58-section of land package in Nagpur to foster a private venture as a component of its technique to grow business. The organization, which is important for Godrej bunch, didn't unveil the worth of this land bargain. The advancement on this land will contain essentially of plotted private units, the organization said in an administrative recording. The undertaking will offer an expected saleable area of 1.5 million square feet. "We are glad to add this new undertaking in Nagpur to our portfolio. This fits with our procedure of fortifying our presence in key private business sectors the nation over," Mohit Malhotra, MD and CEO, Godrej Properties, said. The undertaking has great network to Nagpur Airport and the Nagpur - Hyderabad interstate with deep rooted social framework nearby, the organization said.
"Nagpur has numerous noticeable framework projects like the Metro Rail task, IT and assembling offices in MIHAN SEZ and Airport Cargo Hub, alongside the impending Samruddhi Mahamarg, which will additionally help public availability and the connected interest for quality private units," it added. Godrej Properties intends to contribute around Rs 7,500 crore over the course of the following 12-year and a half on obtaining and advancement of new land projects.