News
Godrej Properties adds 50 acres residential project in Manor-Palghar, Maharashtra
New Delhi, November 3, 2022: Godrej Properties Ltd. (GPL), on Thursday announced that it has entered into an agreement for outright purchase of a land parcel in the fast-developing micro market of Manor, Palghar.
Spread across ~ 50 acres, the proposed project is estimated to have a developable potential of approximately 1.2 million square feet of saleable area comprising primarily of residential plotted development.
Mohit Malhotra, MD & CEO, Godrej Properties, said, “Manor is a promising micro-market for plotted development and we are happy to add this project to our portfolio. Post-Covid demand for premium second homes has seen an uptick. This project will address that consumer segment and complements our strategy of deepening GPL’s presence across residential micro markets.”
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