Thursday, March 11, 2010

Godrej Properties To Raise Upto Rs 3,000Cr

Real estate developer Godrej Properties Ltd plans to raise around Rs 3,000 crore through debt or equity to fund its expansion plans over the next two-three years. It is currently undertaking several projects across 10 cities, which are at various stages of development. Moving ahead, the company expects to become a major player in the affordable housing segment, by offering housing units in the range of Rs 25-30 lakh.(BS)

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