Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), one of India’s leading real estate developers, today announced that it has signed a Development Management Agreement to develop a premium group housing project on Magadi Road in West Bangalore.
This project will offer approximately 58,000 square meters (approximately 600,000 sq. ft.) of saleable area and is located in close proximity to the Central Business District (CBD), Race Course, Majestic and Rajarajeshwari Nagar.
This is GPL’s first project in the micro market of West Bangalore and its eleventh project in Bangalore.
Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties said, “We are happy to add this new project in a great location in Bangalore. Bangalore is a key market for us and this project addition fits well with our strategy of expanding our presence across the country's largest real estate markets.”
About Godrej Properties Ltd.
Godrej Properties brings the Godrej Group philosophy of innovation, sustainability and excellence to the real estate industry. Each Godrej Properties development combines a 120 year legacy of excellence and trust with a commitment to cutting-edge design and technology. Godrej Properties is currently developing residential, commercial and township projects spread across approximately 13.22 million square meters (135.29 million square feet) in 12 cities.
In the last five years, Godrej Properties has received over 200 awards and recognitions, including the "Premium Real Estate Company of the Year" at the Corporate LiveWire Awards 2017, the "Professional Excellence in Real Estate” at the ABP News Real Estate Awards 2016, the "Real Estate Company of the Year" at the Construction Week India Awards 2015, the “Most Reliable Builder" at the CNBC AWAAZ Real Estate Awards 2014, the “Innovation Leader in Real Estate” award at the
NDTV Property Awards 2014, and the “Popular Choice - Developer of the Year” award at the ET NOW Awards in 2013.
For further information please contact:
Mr. Ajay Pawar
Associate Vice President (Corporate Communications) Godrej Properties Limited
Tel no: +91 022 61698500
Mobile: +91 9820286056