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.

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