Godrej Properties adds a new residential project in
Bangalore
The Mumbai-based real estate developer will develop a
residential project in Devanhalli, North Bangalore
Godrej Properties Ltd. (GPL) (BSE scrip
id: GODREJPRP), one of India’s leading real estate developers, today announced
that it has entered into a joint venture with Royale Builders and Developers to
develop a 13 acres land parcel on Bellary Road (NH-7) in North Bangalore. Godrej
Properties plans to develop a modern residential group housing project of
approximately 1,25,000 square meters (1.34 million sq. ft.).
The Bellary road micro-market has emerged as one of the
fastest growing markets of Bangalore with a lot of infrastructure developments
and real estate projects coming up in the area.
The site is in close proximity
to Bangalore International Airport, Aerospace SEZ and IT & Hardware
Park, Devanahalli. It offers good connectivity to the key commercial and
industrial catchment areas of Devanahalli, Hebbal and Yeshwantpur. This will be
GPL’s fifteenth project in Bangalore.
 |
| Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties |
Mr. Pirojsha Godrej, Executive Chairman, Godrej
Properties said, “We
are happy to add this new project in a great location in Bangalore. Bangalore
is a key market for us and this project addition fits well with our strategy of
expanding our presence across the country's largest real estate markets.”
About Godrej Properties Ltd.
Godrej Properties brings the Godrej Group philosophy of
innovation, sustainability and excellence to the real estate industry. Each
Godrej Properties development combines a 120 year legacy of excellence and
trust with a commitment to cutting-edge design and technology. Godrej
Properties is currently developing residential, commercial and township
projects spread across approximately 13.95 million square meters
(142.79 million square feet) in 12 cities.
In the last five years, Godrej Properties has received
over 200 awards and recognitions, including the "Premium Real Estate
Company of the Year" at the Corporate LiveWire Awards 2017, the
"Professional Excellence in Real Estate” at the ABP News Real Estate
Awards 2016, the "Real Estate Company of the Year" at the
Construction Week India Awards 2015, the “Most Reliable Builder" at the CNBC
AWAAZ Real Estate Awards 2014, the “Innovation Leader in Real Estate” award at
the NDTV Property Awards 2014, and the “Popular Choice - Developer of the Year”
award at the ET NOW Awards in 2013.
For media contact
Karishma Rane
Assistant
Account Manager
Start-up | Tech
| B2B Practice
M: +91 88792
00069
T: +91 22
67574444 Ext : 334
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