Infrastructure sector projects by Godrej Properties Limited in Noida
Project Information
6960
Godrej Properties Limited
Godrej Properties has signed a development management agreement with NCR-based builder Lotus Greens to build a housing project on 36 acre land parcel in sector 150 of Noida. This is its first foray into the Noida market.
This plot of land is part of the 300 acre sports township that builder Lotus Greens had acquired in late 2014 with the backing of private equity funds Clearwater Capital (now called Altico Capital) and SSG Capital Management.
The two funds had put in Rs 450 crore together to help the builder make the first tranche of the payment for the land to Noida Authority. The total value pof the land is around Rs 2,500 crore.
Project Value
INR 450 Crore /-
JV Agreement Signed
Noida
Uttar Pradesh
India
Infrastructure
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