Godrej Prop bids Rs 166 cr for 1.5 acres in Navi Mum

Pirojsha Godrej - Sanpada plots fit into MMR strategy

Godrej Prop bids Rs 166 cr for 1.5 acres in Navi Mum

To develop 4 lk sq ft premium residential, high-street retail

Godrej Properties will acquire two plots in Sanpada, Navi Mumbai from the City and Industrial Development Corporation (CIDCO)

MUMBAI, Mar 01 (The CONNECT)Realty brand Godrej Properties Ltd. (GPL) today announced the addition of a new residential project in Sanpada, Navi Mumbai. GPL emerged as the highest bidder in the CIDCO e-auctioning process with the total bidding value of INR 166 crore for the two adjacent plots. 

Situated approximately 1 km away from Palm Beach, Sanpada is a desirable location in Navi Mumbai and offers a well-developed social and civic infrastructure with reputed schools, hospitals, residential and commercial spaces in close proximity.

Spread over ~ 1.5 acres, this project will offer ~ 4 lakh square feet of development potential comprising primarily of premium residential apartments of varied configurations with a small amount of high street retail at the base of the development.

Pirojsha Godrej, Executive Chairman, Godrej Properties said, “We are happy to add this new project in Navi Mumbai to our portfolio. This project will strengthen our development portfolio in MMR and fits well with our strategy of deepening our presence in key markets across India's leading cities. We will seek to ensure this project delivers an outstanding lifestyle for its residents.”

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