Godrej Properties announced its participation in an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA) for residential group housing plots. GPL has emerged as the highest bidder for a 4.95-acre (20,050 sq. m.) residential land parcel in Sector 151, Noida, as reflected on the e-tendering portal of HDFC Bank. GPL acquired the land for Rs 331.75 crore. Following the due process, NOIDA will issue the allotment letter.
Godrej Properties intends to develop a residential group housing project on the land parcel, projected to generate estimated revenues exceeding Rs 2,000 crore. The development will feature premium residential apartments offered in diverse configurations
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."