MUMBAI: Godrej Properties, real estate development arm of Godrej Group, has entered into a partnership to develop a residential group housing project in Bavdhan locality in Pune. The project will be developed through profit share arrangement.
Spread over around 5.5 acres, the project will offer around 5.60 lakh sq. ft. of saleable area and will be developed as a modern residential development comprising of apartments of various configurations, the company said in a release.
“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,” said Pirojsha Godrej, MD & CEO, Godrej Properties.
The project site is located just off the Mumbai-Bangalore bypass and 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, the release said.
Godrej Properties is currently developing residential, commercial and township projects spread across around 128 million sq feet in across 12 cities in India.
Walls N Roof Comment : Godrej Properties is one of the trusted developers in Mumbai. The group has a diversified portfolio in developing residential, commercial and township projects. In the last 3 years, Godrej Properties has received over 150 awards and recognitions. Some of the landmark projects of Godrej Properties include the Trees Vikhroli, Godrej Prime Chembur, Godrej Greens Pune, Godrej Avenue Bengaluru etc.
The Godrej group had recently launched Godrej Emerald in Thane spread over 5 acres of land. The group known for its quality is constantly endeavoring towards “responsible business”. Adding new ventures to its portfolio the Godrej Group is coming up with a new project in Pune. Pune has seen a significant rise in their realty sector and the nod for the first phase of Pune metro will boost the sector further.