Godrej Properties has acquired a 43-acre land parcel in Panipat, Haryana, and expects to generate over Rs 1,250 crore in revenue through the sale of residential plots.
In a regulatory filing on Monday, the company stated it has "acquired 43 acres of land for a plotted development project with a revenue potential exceeding Rs 1,250 crore."
The financial terms of the land deal were not disclosed.