Godrej Properties adds three new projects
Godrej Properties has entered into pacts to jointly develop three new residential projects including two in Bangalore and one in Noida.
The developer has entered into a joint venture with Sai Srushti Group to develop a 100-acre land parcel on NH-648 near Devanahalli Town in North Bangalore. This would be Godrej Properties’ first plotted development project and it plans to develop around 2.15 million sq ft in the project, the company said in a release.
“We are happy to add these new projects in Bangalore and NCR. This fits well with our strategy of building our presence in the country’s leading real estate markets. We look forward to delivering outstanding projects across these locations,” said Pirojsha Godrej, Executive Chairman, Godrej Properties.
The second project, also in Bangalore, is a joint venture with the promoters of Lahari Music Group, south India’s biggest music group, to develop 17 acres of land, with the possibility of further extending the development up to 24 acres, in Electronic City Phase – I, abutting the main Wipro Campus in South Bangalore.
Godrej Properties plans to develop a modern residential housing project of around 1.4 million sq ft with an option to further increase it to 2 million sq. ft. This will be Godrej Properties’ 17th project in Bangalore.
The third project is in the Noida Expressway micro market. The developer will be developing a group housing project under the development management model in partnership with the Ace Group. This project will offer around 1.7 million sq ft of saleable area. This is Godrej Developers’ third project in Noida and 11th project within the National Capital Region (NCR).