India: Godrej Properties buys land parcel from BPTP

India: Godrej Properties buys land parcel from BPTP

Godrej Properties said the company bought the Dwarka Expressway land because it liked the price, the location and is appropriate for a mid-income residential project. Photo: Ramesh Pathania/Mint

Real estate firm BPTP Ltd has sold a 14.8 acre land parcel in Dwarka Expressway to Mumbai-based Godrej Properties Ltd and is in the process of selling a second parcel around the same location to another developer. The sale of both will help BPTP raise around Rs500 crore, said a top company executive.

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