Godrej Properties (GPL) has entered into a joint venture (JV) with Royale Builders and Developers to develop a 13 acres land parcel on Bellary Road (NH-7) in North Bangalore. The company plans to develop a modern residential group housing project of approximately 1,25,000 square meters (1.34 million square feet).
The Bellary road micro-market has emerged as one of the fastest growing markets of Bangalore with a lot of infrastructure developments and real estate projects coming up in the area. The site is in close proximity to Bangalore International Airport, Aerospace SEZ and IT & Hardware Park, Devanahalli. This will be GPL’s fifteenth project in Bangalore.
Godrej Properties is currently developing residential, commercial and township projects spread across approximately 13.95 million square meters (142.79 million square feet) in 12 cities.