Thursday, 8 May 2014

Godrej Properties to Build a Township in North Bangalore

Realty firm, Godrej Properties is entering into various partnerships with land owners to keep on adding projects to its portfolio. Recently, it has entered into a joint venture in Bangalore to develop a 100-acre township. The name of the other company is not revealed yet. In this 100 acre, around 9.4 million square feet will be offered as a potential saleable area.

Godrej Properties
The project is designed to be developed as a integrated township with a mix-development, that is, it will have residential apartments, school, convenience store apart from other basic amenities.
Sources said that Godrej Properties has entered into an LLP (Limited Liability Partnership) to build a residential township project in North Bangalore.

This will be the third township project after the projects in Ahmedabad and Mumbai and we are looking forward to create an outstanding destination, said Mr. Pirojsha Godrej, Managing Director and CEO of Godrej Properties.

Last month Godrej Properties has joined hand with two local firms to develop a premium housing project in Pune. As per the agreement, Godrej will get 35% of profit from the 43 acre Joint venture project. Apart from this, they have another venture with Godrej & Boyce wherein they are developing a premium residential project at Vikhroli in Mumbai.

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