Sunday , November 24 2024

Realty projects worth Rs 3 lakh crore can be launched on Godrej Group's land


If a residential project is launched on land owned by Godrej & Boyce Manufacturing Company, a Godrej Enterprise Group (GEG) company owned by Jamshed Godrej and his sister Smita Godrej, the total sale amount would be Rs. Experts in this field estimate it to be up to Rs 3 lakh crore. According to realty sector experts, residential realty projects were launched by Godrej Group around Vikhroli for Rs. 30,000 are being sold. Currently Godrej & Boyce Company has 3,400 acres of land in Vikhroli, such a project can be launched on 1,000 acres. A total of 10 crore square feet projects can take shape on this land. From this point of view, if the project is started on all these lands then the total sales figure will be Rs. 3 lakh crores.