Godrej Properties and Nirmal Ventures join hands to develop a 14-acre plot in Thane
Godrej Properties Ltd. has entered into a joint venture with Nirmal Ventures to develop a residential project located on the Lal Bahadur Shastri (LBS) Marg, Thane West. The project will be developed under a development management agreement, the company said.
“We are happy to add this new project in Thane, a key micro-market of Mumbai. This strengthens our development portfolio in Thane and fits well with our strategy of deepening our presence in key markets across India’s leading cities. We will seek to ensure this project delivers an outstanding lifestyle for its residents,” said Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties.
Spread over 14 acres, the project will offer approximately 1,95,000 square metres (2.1 million square feet) of saleable area and will be developed as a residential development comprising of modern residential apartments of various configurations along with a small retail component to support this residential development.