Godrej Properties acquires ~109 acres land parcel in Nagpur

Godrej Properties Ltd on Friday announced that it has acquired ~109 acres land parcel in Nagpur. 

The development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of 2.2 million square feet.

“The land parcel is strategically located near Samrudhhi Mahamarg, (the expressway connecting the cities of Mumbai & Nagpur) and MIHAN SEZ and offers good connectivity to the Mumbai - Kolkata highway and Dr. Babasaheb Ambedkar International Airport, Nagpur”, the company informed in a regulatory filing.

The location offers a well-developed social and municipal infrastructure, that includes hospitals, schools, retail, and entertainment venues.

On Friday morning trade, shares of Godrej Properties were trading higher by 1.11% at Rs 1553.60 per share on the BSE.