Godrej Properties Buys 15-Acre Land In Gurugram From Microtek
Godrej Properties has bought about 15 acres of land in Sector 103 of Gurugram for an agreement value of Rs 403 crore from Microtek Infratech. The sale deed was executed in the name of Godrej Vestmark LLP. The company has paid a stamp duty of Rs 28.21 crore for the transaction. The land parcel measuring 14.8 acres is situated near Daulatabad village in Sector 103 of Gurugram. Godrej, the Mumbai-based real estate company, said in a filing to the stock exchanges that the land had been acquired through an outright purchase. In November 2022, the company said that it had bought two adjacent land parcels, measuring 12.4 acres, in Noida for Rs 377 crore. This purchase was done through an auction by the Noida Authority. Godrej will develop residential group housing on the land parcels located in Noida's Sector 146. Earlier, Godrej had acquired nine acres of land in Gurugram in December 2022 through an outright purchase for a premium residential project. Godrej Properties is also developing luxury homes with Rs 3,100 crore revenue potential at Golf Course Road in Gurugram.
Tags : Godrej Properties land Gurugram agreement value Microtek Infratech Godrej Vestmark LLP stamp duty Godrej Mumbai real estate company