Bangalore : Godrej Properties Ltd (GPL), the leading Mumbai-based property developer, has entered into a partnership to develop a 100-acre
residential township in North Bengaluru.
Spread across 100 acres, the project offers a potential saleable
area of 9.4 million sq. ft. Close to the new international airport, the project is proposed to be developed as
an integrated township with a mix of residential unit types as well as a
school, convenience retail and other amenities to ensure an integrated
self-sufficient lifestyle for residents.
The proposed site is strategically located between the Bangalore International Airport and Hebbal and has easy access to the city from the new signal-free corridor created on NH7. The location is also close proximity to several IT parks and schools and is one of the fastest developing areas in the city. As with most GPL projects, this project will be developed as a profit sharing partnership, according to a press release.
Speaking on the new project, Pirojsha Godrej, MD & CEO, Godrej Properties said, "We are happy to have entered into an agreement to develop a large township in Bengaluru. This will be our third township project after in Ahmedabad and Mumbai and we will seek to create an outstanding destination. We are currently developing several projects in Bengaluru, which has been India's best performing real estate market and this new development will substantially strengthen our presence in this important city. This project fits well with our strategy of developing world class residential projects in key markets across the country.
The proposed site is strategically located between the Bangalore International Airport and Hebbal and has easy access to the city from the new signal-free corridor created on NH7. The location is also close proximity to several IT parks and schools and is one of the fastest developing areas in the city. As with most GPL projects, this project will be developed as a profit sharing partnership, according to a press release.
Speaking on the new project, Pirojsha Godrej, MD & CEO, Godrej Properties said, "We are happy to have entered into an agreement to develop a large township in Bengaluru. This will be our third township project after in Ahmedabad and Mumbai and we will seek to create an outstanding destination. We are currently developing several projects in Bengaluru, which has been India's best performing real estate market and this new development will substantially strengthen our presence in this important city. This project fits well with our strategy of developing world class residential projects in key markets across the country.
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