Godrej Properties looks to launch ₹8,000 cr housing project in Delhi by March quarter
According to Pirojsha Godrej, the total development potential of the Ashok Vihar project would come to around 4 million square feet. Godrej expects sales revenue of approximately ₹8,000 crore from the project.
Godrej Properties is expecting to launch a housing project in the national capital's Ashok Vihar region in the fourth quarter of FY23. The realty giant expects sales revenue to the tune of a whopping ₹8,000 crore from this project. The land parcel belonged to the Railway Ministry-backed Rail Land Development Authority (RLDA) which is responsible for the development of vacant railway lands for commercial use to generate revenue through non-tariff mediums. Godrej Properties Executive Chairman Pirojsha Godrej in an interview on Sunday stated that they are very confident about this project.