Godrej Properties (GPL), the real estate development arm of the Godrej Group, has entered into an agreement for developing approximately 1.36 acres of land in the posh area of Alipore on Burdwan Road, in Kolkata. The project is envisioned as a luxury project with modern specifications and state-of- the-art amenities, and will be 14 storey tall.
Like most Godrej Properties projects, this project will also be done on a joint venture basis. The project is expected to be launched in January 2013 and is estimated to be completed in 3 years. The project enjoys the advantage of being strategically located with easy access by road, rail, metro and tram services. Alipore has excellent social and physical infrastructure in the form of schools, hospitals, restaurants and hotels.
This will be the company’s fourth project in Kolkata and fits in well with its strategy of adding quality residential projects in different parts of the country.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.