Morgan Stanley retains overweight on Godrej Properties post Bangalore land deal
The Mumbai-based real estate firm, on March 15, has announced acquisition of 7.5 acres of land (0.8 million square feet saleable area, residential) in North Bangalore for a consideration of Rs 60 crore. Given high IRR (internal rate of return), the brokerage house views this deal favorably, and it thinks this could lead to bigger… Read More »