Topic
property development
Business Economy #godrej properties#real estate
Godrej Properties acquires 47-acre Chennai land parcel for ₹500 crore revenue project
Godrej Properties has acquired a 47-acre land parcel in South Chennai through an outright purchase, with an estimated developable potential of 1.2 million sq ft and revenue potential of ₹500 crore. The project will focus on plotted residential units, capitalising on growing demand in the OMR corridor.
Jul 8, 2026 4 sources
Business Mergers #prestige estates#acquisition
Prestige Estates acquires 50% stake in Rs 4,500 crore Mumbai commercial project
Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore to co-develop a Rs 4,500 crore commercial project in Mumbai. The project in Andheri East will have 1.50 million sq ft of leasable area. The company also reported a two-fold increase in net profit to Rs 1,195.5 crore for FY2025-26.
Jul 8, 2026 1 source