Godrej Property plans new realty projects

Godrej Property plans new realty projects
Country's leading real estate developers, Godrej Properties (GPL) has decided to build three new projects of which two in Bengaluru and one in Noida. The company has entered into a joint venture with Sai Srushti Group to develop a 100 acres land parcel on NH-648 near Devanahalli Town in North Bangalore. This is so because NH-648 is a major highway connecting all primary markets of Bangalore from West to South. This shall be Godrej Properties' first plotted development project and it plans to develop approximately 2 lakh square meters (2.15 million sqft.). The site is in close proximity to Bangalore International Airport and the planned Aerospace SEZ and IT & Hardware Park, Devanahalli and also offers good connectivity to the key commercial and industrial catchment areas of the New Airport Road and Outer Ring Road and that the latest is GPL's sixteenth project in Bangalore. 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 approximately 1.3 lakh square meters (1.4 million sqft.) in Gurgaon in the NCR region with a scope of further increase it to 2 million sqft. Pirojsha Godrej, Executive Chairman, Godrej Properties, said.

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