Godrej Properties has entered into a joint venture with the TDI group to build a luxury housing project at Connaught Place in Central Delhi. The project would have a development potential of about 1.25 lakh square feet saleable area. MD and CEO of Godrej Properties, Mohit Malhotra, informed that as the company continues to strengthen its presence in Delhi, it is happy to add this project to one of downtown Delhi's most desirable locations. The newest is the company's third project in Delhi.
Godrej Properties is developing a housing project at Okhla, while it will soon launch a luxury housing project at Ashok Vihar in the national capital. In the Delhi-NCR property market, the company is also developing multiple housing projects in Noida, Greater Noida and Gurugram. Kamal Taneja, MD of TDI InfraCorp, informed that the builder is proud to be associated with Godrej Properties to deliver the uber-luxury project and looks forward to this association. Mumbai-based Godrej Properties is expanding its presence across four major cities – Delhi NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru. It is buying land parcels and entering into joint ventures with landowners to add projects for future development. Recently, the company bought a 16-acre land parcel in Bengaluru to develop primarily residential properties.