Godrej Properties Buys 43-Acre Land In Panipat For Township Project

Godrej Properties Ltd. has acquired a 43-acre land parcel in Panipat, Haryana, to develop a residential township with a potential revenue of ₹12.50 billion, the company said in a filing with stock exchanges on Monday.

This will be the company’s fourth township project in north India. The Panipat site will offer nearly 1.02 million square feet of plotted residential development and is strategically located with access to a national highway.