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Real Estate >> News
Godrej Properties adds a New Residential Project in Pune
By
siliconindia
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Thursday, March 27, 2014
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Pune : Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, has entered into a partnership to develop a residential project in Mundhwa, Keshavnagar, Pune. The project, spread over 43 acres, will offer approximately 260,000 sq. meters (2.8 million sq. ft.) of saleable area and will be developed as a premium residential development comprising 1, 2, 3, and 4 BHK apartments.
Like most Godrej Properties' projects, this is a joint venture project, with GPL getting 35% of the profits from the project.
The location offers excellent connectivity to all key areas in Pune, like Koregaon Park, Kalyani Nagar, Kharadi-Hadapsar bypass, Pune Nagar Road, the Pune - Solapur Highway (NH 9) and is in close proximity to IT parks situated in Kharadi & Hadapsar. This project will also benefit from the well developed social and educational infrastructure in the immediate neighbourhood.
Mr. Pirojsha Godrej, MD & CEO, Godrej Properties said, We are very happy to have added a large new residential project in Pune to our portfolio. This fits well with our strategy of entering partnerships for residential developments in the best locations within India's largest real estate markets. Over the years, GPL has built a number of landmark properties in Pune and this project is our eighth project in Pune. We will seek to ensure this project delivers its residents an outstanding quality of life."
Sources By : Godrej Properties
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