Godrej Properties adds a new Residential Project in Bangalore

Mumbai, September 24, 2016: The Mumbai-based real estate developer will develop a residential project off Sarjapur road in Bangalore

Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), one of India’s leading real estate developers, announced that it has acquired a land parcel measuring approximately 12 acres off Sarjapur Road in South Bangalore. Godrej Properties plans to develop a residential housing project of approximately 92,900 sq. mtrs. (approximately 1 million sq. ft.).

The project is located in an attractive residential area with close proximity to the commercial and industrial catchment areas of Electronic City Phase I & II, Sarjapur Road, and Hosur Road. It also offers good connectivity to Outer Ring Road, Varthur and Whitefield.

This project will be developed in partnership with Godrej Residential Investment Program II. This is the second project under GRIP II, the ~US$275 Million fund which was announced in March 2016.

Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are happy to add this new project in Bangalore. Bangalore is a key market for us and we look forward to building a landmark project.”

Corporate Comm India(CCI Newswire)