The Mumbai-based real estate developer will develop a residential project in Bavdhan, Pune
Mumbai, December 30, 2016: Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), one of India’s leading real estate developers, announced that it has entered into a partnership to develop a residential group housing project in the prime locality of Bavdhan, West Pune.
Spread over ~ 5.5 acres, the project will offer approximately 52,000 square metres (560,000 sq. ft.) of saleable area and will be developed as a modern residential development comprising of apartments of various configurations.
The site is strategically located just off the Mumbai-Bangalore bypass and very close to the prime residential micro market of Kothrud. It is situated on main Paud road within PMC limits and is well connected to Hinjewadi IT Park.
This project will be developed under the profit share arrangement.
Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are happy to add this new project in Pune, which is a key growth market for us. This will be our 11th project in Pune. We look forward to delivering an excellent project and to continuing to grow our presence in Pune.”
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