Godrej Properties highest bidder for two plots in Mumbai
Real Estate

Godrej Properties highest bidder for two plots in Mumbai

Mumbai based Godrej Properties Ltd (GPL) emerged as the highest bidder for two adjacent land plots in Navi Mumbai at a total bid value of Rs 166 crore in an e-auction conducted by the City and Industrial Development Corporation (CIDCO).

CIDCO came up with 63 residential plots in Ghansoli, Kharghar and New Panvel nodes, for which the filling of e-tenders began this week. The minimum offset price of these plots ranges between Rs 70,000 to Rs 100,000.

Last month, CIDCO had offered 106 bungalow and row house plots across Navi Mumbai for which the tender will open next week.

Out of the 63 plots, Kharghar has maximum 29 plots and its size ranges from 44 sq m to 115 sq m and the offset price is Rs 100,000. New Panvel node has 28 plots while Ghansoli has only six plots. The lowest offset price is Rs 70,000 of New Panvel plots.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


GPL will construct a residential project on the land located in Sanpada, Navi Mumbai. Spread over 1.5 acres, the project will offer about 4 lakh sq ft of development potential consisting primarily of premium residential apartments of varied specifications with a small amount of high street retail at the base of the development.

As we reported earlier, in December, GPL bought 18 acres in suburban Bengaluru’s Whitefield to develop a premium residential project.

For the December quarter, Godrej Properties reported a 69% year-on-year decline in its consolidated net profit to Rs 14.35 crore, while total income fell to Rs 311.12 crore from Rs 517.47 crore in the corresponding period a year ago.

To get tender details click here.

Image Source


Also read: Godrej Properties plans QIP to buy land parcel

Mumbai based Godrej Properties Ltd (GPL) emerged as the highest bidder for two adjacent land plots in Navi Mumbai at a total bid value of Rs 166 crore in an e-auction conducted by the City and Industrial Development Corporation (CIDCO). CIDCO came up with 63 residential plots in Ghansoli, Kharghar and New Panvel nodes, for which the filling of e-tenders began this week. The minimum offset price of these plots ranges between Rs 70,000 to Rs 100,000. Last month, CIDCO had offered 106 bungalow and row house plots across Navi Mumbai for which the tender will open next week. Out of the 63 plots, Kharghar has maximum 29 plots and its size ranges from 44 sq m to 115 sq m and the offset price is Rs 100,000. New Panvel node has 28 plots while Ghansoli has only six plots. The lowest offset price is Rs 70,000 of New Panvel plots.4th Indian Cement Review Conference 202117-18 March Click for event info GPL will construct a residential project on the land located in Sanpada, Navi Mumbai. Spread over 1.5 acres, the project will offer about 4 lakh sq ft of development potential consisting primarily of premium residential apartments of varied specifications with a small amount of high street retail at the base of the development. As we reported earlier, in December, GPL bought 18 acres in suburban Bengaluru’s Whitefield to develop a premium residential project. For the December quarter, Godrej Properties reported a 69% year-on-year decline in its consolidated net profit to Rs 14.35 crore, while total income fell to Rs 311.12 crore from Rs 517.47 crore in the corresponding period a year ago. To get tender details click here. Image Source Also read: Godrej Properties plans QIP to buy land parcel

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000