MoneyWorks4Me

Godrej Properties to develop residential project in Pune

26 Mar 2014 Evaluate

Godrej Properties (GPL), the real estate development arm of the Godrej Group, has entered into a partnership to develop a residential project in Mundhwa, Keshavnagar, Pune. The project, spread over 43 acres, will offer approximately 260,000 square meters (2.8 million square feet) of saleable area and will be developed as a premium residential development comprising 1, 2, 3, and 4 BHK apartments. Like most Godrej Properties' projects, this is a joint venture project, with GPL getting 35% of the profits from the project.

The location offers excellent connectivity to all key areas in Pune, like Koregaon Park, Kalyani Nagar, Kharadi-Hadapsar bypass, Pune - Nagar Road, the Pune - Solapur Highway (NH 9) and is in close proximity to IT parks situated in Kharadi & Hadapsar. This project will also benefit from the well developed social and educational infrastructure in the immediate neighborhood.

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 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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