Godrej Properties adds new project in Bangalore

South India
Typography

The announcement was made before market hours today. Shares of Godrej Properties fell 1.02 per cent  to settle at Rs 902.90 yesterday.

 

Realty major Godrej Properties has entered into an outright transaction to purchase a 15-acre land parcel at Sarjapur in Bengaluru.

The announcement was made before market hours today. Shares of Godrej Properties fell 1.02 per cent  to settle at Rs 902.90 yesterday.

Spread across approximately 15 acres, the project will offer 1.6 million square feet of potential saleable area comprising of residential apartments of various configurations.

Sarjapur has established itself as one of the most preferred residential locations in Bangalore with good connectivity to Outer Ring Road and several other key hubs of Bangalore. 

The site is strategically located and offers an extremely well developed social and civic infrastructure with multiple schools, hospitals, retail, residential, and commercial spaces in close proximity.

"Bengaluru is a key market for us and this project addition fits well with our strategy of deepening our presence across the country's leading real estate markets," said Executive Chairman Pirojsha Godrej in a statement on Tuesday.

Godrej Properties is engaged in construction and real estate development.

 

With inputs from Agency

Image: representative Purpose
 

All Comments