New Delhi: Realty company Godrej properties has partnered with AR Landcraft to increase a a hundredacre township task in greater Noida.
Godrej properties stated in a filing to the BSE that it has entered the extra Noida real property market.
The Mumbai-based totally developer has partnered with AR Landcraft LLP to broaden a 100 acreassignment inside the city, it brought.
Godrej residences, the real property arm of the Godrej institution, plans to broaden a golfing centric township in this land parcel with a saleable place of about 4 million rectangular ft.
this is organisation‘s first project in greater Noida and seventh in the national Capital area (NCR).
“more Noida is an important a part of the NCR marketplace and this task addition fits properly with ourmethod of deepening our presence across the usa‘s main actual property markets,” MD and CEO Pirojsha Godrej said.
In January, Godrej properties had announced its entry into the Noida actual property market in tie up with a local developer Lotus greens.
The corporation might increase a housing task unfold over 36 acres with a saleable region of four millionrectangular feet.
At present, Godrej properties is growing residential, business and township projects unfold throughoutabout 119 million rectangular feet in 12 towns.
The organization had published a 21 in step with cent increase in consolidated net earnings at Rs 231.10 crore in monetary yr 2015-sixteen as towards one hundred ninety.nine crore in the preceding economic12 months.
income from operations rose 43 in step with cent to Rs 2,633.ninety six crore final monetary yr in comparison with Rs 1,843.09 crore in 2014-15.
