trending Market Intelligence /marketintelligence/en/news-insights/trending/1c9fCz5TOEOX5fTOkho-9g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Report: Godrej buys New Delhi plot from railway land authority for 11B rupees

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Report: Godrej buys New Delhi plot from railway land authority for 11B rupees

India's Rail Land Development Authority agreed to sell a 27-acre residential land plot to Godrej Properties Ltd. in a roughly 11.00 billion-rupee transaction, The Economic Times of India reported, citing unnamed sources.

The sources said the company outbid conglomerate Adani Group and local developer Eldeco. The people aware of the deal added that the real estate company's agreement with the rail land authority includes free construction of flats for the railways, with half of the flats allocated as affordable housing, according to the report.

The Rail Land Development Authority, according to the March 21 report, is selling six more land parcels in Indian metros.

The developer declined to provide a comment on the report when emailed by the publication.

As of March 21, US$1 was equivalent to 68.84 Indian rupees.