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Godrej Properties plans to develop new residential project in Bangalore

21 Sep 2016 Evaluate

Godrej Properties (GPL), one of India’s leading real estate developers, has acquired a land parcel measuring approximately 12 acres off Sarjapur Road in South Bangalore. The company plans to develop a residential housing project of approximately 92,900 sq. mfrs. (approximately 1 million sq. ft.).

The project is located in an attractive residential area with close proximity to the commercial and industrial catchment areas of Electronic City Phase I & II, Sarjapur Road, and Hosur Road. It also offers good connectivity to Outer Ring Road, Varthur and Whitefield. This project will be developed in partnership with Godrej Residential Investment Program II.

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.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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