Godrej Properties has given exit to Red Fort by purchasing its 49% stake in the equity share capital of its subsidiary, Godrej Developers (GDPL). Consequently, GDPL has become wholly owned subsidiary of the company with effect from December 04, 2013.
The company has taken this step in terms of the agreement with Red Fort India Real Estate Babur (Red Fort) for Project Godrej Genesis at Kolkata.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.
The company has taken this step in terms of the agreement with Red Fort India Real Estate Babur (Red Fort) for Project Godrej Genesis at Kolkata.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.
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