Godrej Properties on Monday, October 21, said it has acquired 3 acre land in Vastrapur, Ahmedabad for a residential project.
The land’s development has a potential of 0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of ₹1,300 crore.
The land parcel is located in Vastrapur, which is a premium residential locality in West Ahmedabad, with good connectivity to key areas of the city. The area also comprises schools and healthcare facilities and renowned landmarkers such as IIM Ahmedabad, Vastrapur Lake Garden, Sabarmati Riverfront, Project, and Nexus Ahmedabad One Mall. Vastrapur is also close to business hubs such as Navratna Business park and Pinnacle Business Park.