Godrej Properties(GPL), real estate development arm of Godrej Group has signed two Limited Liability Partnership (LLP) agreements with Godrej & Boyce Manufacturing Company that are Godrej Buildcorp LLP (GB LLP) and Godrej Property Developers LLP (GPD LLP) for developing properties at Thane and Hyderabad.
At Moosapet, Hyderabad GB LLP will develop the 9.16 acres land parcel. The estimated developable area will be two million square feet. This is a profit sharing arrangement with GPL getting 35% of the profits from the project. GPD LLP will develop the three acre land parcel at Thane and the approximate saleable area will be 0.26 million square feet. This is also a profit sharing arrangement with GPL getting 32% of the profits from the project.
Recently, Godrej Properties has launched its Flickr Channel that would streamline information and images of the company’s various upcoming and current properties across the country. These images would range from sample flats/offices, various amenities, location details, plans and landscapes that the projects would offer. The company’s Gallery on Flickr.com will offer customers a chance to browse through images of properties, amenities also further share them with family and friends on face book, twitter, e-mails, etc.