Godrej Properties buys 44 acres of land in Haryana's Faridabad from BPTP

Godrej Properties has entered the Faridabad property market with the acquisition of this land parcel.

Realty firm Godrej Properties on Friday said it has acquired 43.61 acres of land in Faridabad, Haryana, from local builder BPTP to expand its presence in the national capital region (NCR).

The company did not disclose the deal value.

Godrej Properties has entered the Faridabad property market with the acquisition of this land parcel. The company will sell plots in this project.

"Spread across 43.61 acres (17.65 hectares), this land parcel has been acquired from BPTP," the company said in a statement.

This project will offer about 1 million sq ft of plotted development.

ALSO READ: Godrej Properties purchases 3 acre land in Mumbai for Rs 153 crore

This new project in Faridabad is a key micro-market within NCR, said Pirojsha Godrej, Executive Chairman, Godrej Properties, adding "this fits well with our strategy of deepening our presence in key markets across India's leading cities."

This is Godrej Properties first project in Faridabad market and also its first plotted development project within NCR.

Godrej Properties said the company has established itself as one of the market leaders in Gurgaon and Noida and hopes to replicate this success in other parts of NCR.

In February this year, Godrej Properties acquired nearly 27 acre land parcel at Ashok Vihar in the national capital for Rs 1,359 crore to develop luxury housing project.

Elections 2019: From Pulwama to MSP, in west UP, the devil is in the detail

In UP's Jat belt, closer to Delhi, it's Pulwama, Modi but in the hinterland, it's back to economic basics.

Business Standard : Jawli village in Ghaziabad district is about 34 km to the east of Delhi and Khanupur in Muzaffarnagar district is 133 km away. The distance is a signifier at least in one aspect: closer to Delhi, the inhabitants of the rural pockets had the “national” picture in mind when they discussed elections. Pulwama, the air strikes and Prime Minister Narendra Modi’s ‘valour’ occupied the mind space. Further away from the National Capital Region (NCR), the issues were basic, impinging on people’s livelihoods and quotidian concerns. Although both the districts -- Jat-dominated Muzaffarnagar more so -- have families with historical links to the military and one or more members working in the armed forces, the perceptions about the India-Pakistan conflicts varied.

If Jawli celebrated Modi’s “courage”, at Shahpur Badoli, nearly 50 kms away, the students of Baghpat colleges asked tough questions. Amit Tomar, a 21-year Commerce student, said, “Till today, the government has not showed proof that 300 persons were killed by our Air Force in Pakistan. I have two brothers in the military, one in Srinagar and the other on the Punjab border so nobody can accuse me of being anti-national.”

Gyanendra Kumar and Bijendra Kasana are farmers from the Gujjar backward caste, owned land and a small dairy business in Jawli. “Note ‘bandi’ has finished off the once prosperous real estate business in these parts. Everything is done in white (money) so nobody wants to buy or sell property. Didn’t you see hundreds of unoccupied apartments in Ghaziabad?” asked Kasana.

Yet none of them blamed the Modi government for the market stagnancy. “We are looking only at Modi. Demonetisation was good because it eliminated the fly by night operators and dubious dealers. They thrived in our region, living in huge mansions with a fleet of SUVs. Where did the money come from? Modi wiped it out. It gives people like me who earn modestly, a good feeling,” said Sardar Singh, a Jawli diary farmer.

VK Singh, the former Army chief, is the Ghaziabad MP. Yet nobody here had a kind word to say about him. “He never showed his face. But he doesn’t matter because it’s all about Modi. Modi ordered our air force to bomb Pakistan, not the former general. It’s important to vote back Modi. Only he can keep our borders secure,” said Gyanendra Kumar.

But 21 km away, at Hasanpur-Mussoorie, a little town in Baghpat district that’s glutted with private academic institutes, including a sports college, the first voice of dissent against the BJP-led central government was audible. Onkar Yadav owns the Devas Public School. “I am a Samajwadi Party (SP) sympathiser but my family revolted against me (in 2014) and voted BJP. My sons were taken in by the ‘achche din’ (good days) slogan.